Crude’s tortuous rally since mid-December projects to 82.46, based on the ABCD pattern shown. It is good enough for government work, but as you can see, the point ‘B’ high failed to push above late January’s 79.09 high. This ‘sausage-y’ formation has been remedied by using a one-off ‘A’ low, although the result is a pattern that falls short of ideal. What makes it usable and even trustworthy is the pullback to the green line precisely from the midpoint Hidden Pivot (p=78.99). Now, a pullback to the red line can be bought ‘mechanically’ with a stop loss at 77.83. _______ UPDATE (Mar 9): Although the 82.46 rally target remains viable, the pattern’s C-D leg has grown too tired to offer a good opportunity for bottom-fishing with a ‘mechanical’ bid at the green line.