The structure of 1 , 2, and 3 are similar, especially 1 and 2. The RSI
in sync with price. Take your pick, similar cyphers, similar triangles, all working one large head and shoulders
is up early today, but its early, and as volumes picks up today after few days of low volume
, we will see a break out. Which way, IMO
down, but you never know. There is always the factor of "wars and rumors of wars". China straights, Russia in Syria bombing, just pick a country, and you never know which event will disrupt production and/or supply in tat area. My take is, nothing major yet, but soon, and quiet long enough to complete the right shoulder. Tough to make this call as we see OIL
headed up today, but it did the last two times also, a mild upswing, then the bottom falls out as it reaches the end of energy of the triangle at points C in the cyphers, green circles.