ClimbinColorado

ClimbinColorado

Looks like a wave 3 is in progress.

ClimbinColorado

Oil seems to be finishing up a final 5th wave that should end in the area around $70/barrel, similar duration and extension to the last 5th wave (5) of one smaller degree. Oil should fall from there. This fall could be significant. I plan to begin to short around the $70 range.

ClimbinColorado

This is how I have been counting crude, the Fibonachi range is a little skewed (sorry...I need to practice charting on this platform a little more and ran out of patience.... but you can get the general idea.) The length of wave 5 is unclear.. TBD for me.

ClimbinColorado

Euro is settling into what looks like a 3rd of a 3rd wave down.