In this chart, I am examining the price action of crude. First we have a bullish harmonic
that is not defined. I have added a Fib retrace from point a to d of this harmonic
. Next , a bullish
wave following the harmonic
that terminates at .236 ext. of the fib. Price of crude then falls. Pausing briefly at the uptrend line and eventually breaks that trend line
. Price continues to fall until 1.13 fib . At this time, a bullish
retest of the trend line
begins . The retest eventually fails at point c of a harmonic ab=cd
pattern that is now in progress. Where it ends is anyones guess as there is a wide range of acceptable end points. I have it at the lower trend line
but will be watching.
I know not the pain one has endured to believe strapping a bomb to oneself is the answer but i pray the grudges of this world someday end. .