One more high at open and probably a bit higher. Fib measurements around 4230 area should be it if this is a "C" leg (1.618 X "A"). Higher than 4250 and likely 4300 is next resistance to be tested and then the C leg idea becomes questionable. OIl also should get to around 93-94. If it breaks 95 and holds, it could also rally hard.
Personally adding shorts slowly from today. Expecting a reversal tomorrow or Friday. Good luck!
Personally adding shorts slowly from today. Expecting a reversal tomorrow or Friday. Good luck!
Comment:
possible resistance here. 4220 still the area I think it gets to, but maybe not.
Comment:
OIL 93-94 incoming. Expecting a false break like before.
