goodguy
Short

Update on WTI Crude Oil: lowered my stop.Need help with Fib fan.

FX:USOIL   Crude Oil (WTI)
128 2 6
Good down day for crud oil             . I am lowering my stop from "b" to ".b" (46.07). I've drawn a secondary channel on the 2 hour chart. . I would not be surprised to get some bounce up around 41.85 to 42.50
Longer term I still there is a good chance the correction may go to 50% or even 70.7% (to kiss goodbuy to the long term down trend line although that would seems like a crude thing to do).

I put a "fib fan" on the daily chart just for the fun of it. I was surprised to see the lines match up so well with the recent highs. Does that suggest the correction may be over at the next line around August 25th?. I don't have a clue. Do any of you have any experience with this tool. Would like some help?
you are right
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goodguy PRO ardi.kota
Thanks It's great to have someone think you thinks you are RIGHT. Take care. Enjoy the upcoming weekend if you can.
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