Since my last chart on Crude Oil was posted, crude went from a 14-day mode to an 18-day mode at the $93.07+/- level. The highest high was at the $103.66 level on 6/25/2014. Note the black arrow from the high down to the mode - this was then cloned and used to measure down to where the low was on Friday, at $82.76. The market has reversed course at closed at $85.11.
I thought I would show you this example, and sorry it is not a "forecast" as that would have been nice to show. But these are the kinds of projections that can work.
What do you do from here? Buy another drop to the $83+/- level and target a move back over the next 18 days to the mode at $93.
10/11/2014 4:57PM EST Saturday