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ElliotWaveTrades
Feb 20, 2017 4:32 PM

BP: Consolidation Completed And Heading To New Lows ? Short

BP p.l.c.NYSE

Description

Top Count:
Triangle Minor Wave B is completed and prices will break B-D trendline to recent new lows and beyond.

Alternate Count:
An extended correction for Minute Wave e, which could bring BP -0.77% further up to complete Minor Wave B.

Both wave counts will bring BP -0.77% down to new lows.

Detailed D2 Chart:

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