climber76
Short

An attempt to see Chevron in big Picture

NYSE:CVX   CHEVRON CORP NEW
64 0 1
We can see a very nice Impuls in five Wave up. Now we could be in Wave B. Wave C could be a lot deeper.
Look at the Proportions of Fibo Levels. Its like Magic!
Even we are at this nice CL             which is now a kind of resistance.
Let us see in a few Month what happend.
Comment: Also here. Good Risk Reward for a short. Or even better to sell a Credit Spread.
Comment: Here we have broken CL. But dont worry. The Market should make a Pullback at CL. Then it will decide if we goes up again or we will make the Wave C. Observe Oil Market. Even XOI
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