Chevron Corp (CVX - NYSE) has completed WXY in double zigzag pattern from bottom as indicated in chart. It dropped in impulse as wave A and correcting up in wave B, which might take 2-3 days to complete. Thereafter C wave will resume the fall in price action. CVX and XOM are about 22 - 22 % holding value of XLE etf, which drag it down as both has C wave down within 2-4 trading sessions. XOM & CVX have same pattern for C down sell after wave B over.
thanks a very good educational feed. As the waive B is onn its way, does that mean the price target should be around 98 and we should sell this at this price.
EWFcw
⋅
@techserve2020, If it reaches above 96.50 - 98, then it will be good sell, that's the count means for.