If making A-B-C, Oil may have topped or topping very soon. Then the target is eventually making a new low with crude possibly going down to 25 area. If making the larger degree iii, blue box area makes sense. Then the target area will be as marked.
Personally, I am leaning toward blue box area. Either way, I am beginning to short the energy complex this coming week.
Would it bounce here ? Thinking about buying around here for a pull back up
Successful_Inv_Strategies
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Is it done? The next pull back will tell us if we are going lower or higher
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reached 1st target point....out of DWT 8.31
waiting for pull back to wave 2
Successful_Inv_Strategies
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Maybe on the way to making wave 2 ?
Successful_Inv_Strategies
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Well... well....well
Looks like we have the top..... of ?
If making a-b-c, the big 4th wave from the weekly chart, then we can look forward to new lower low, i.e. $25 WTI
Otherwise, this is only making iii - iv and the oil could go up to $100 p/b
Successful_Inv_Strategies
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One more pop.....Just a little bit higher and I think that's it.
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The top IMO is just around the corner. I don't think I want to trade the last wiggle because the micro 3-4 could be short and we may end up with a final trust.
Anything is possible.... Anticipation is killing me