Joseph_King

Joseph_King

Some minor changes to this theory >

Joseph_King

We've now reached the top of the channel. The larger wave 3 breached the channel so this wave 5 should stay within it. Expecting a retrace from here to .236 (5790) or .382 (5750) before a final push to 59+.

Joseph_King

An alternative to wave 4 correction. Some waves plotted to 5892. I guess if yesterdays high is broken then this is possible.

Joseph_King

Possible wave correction to .382 of wave 3 at 5714

Joseph_King

Low probability in my opinion but wave 5 extension to 2.618, doubtful, but would be great :)

Joseph_King

Potential mini waves

Joseph_King

Some minor adjustments. Long since 5595.

Joseph_King

Crude pulled back to 0.618 as per previous chart and now possibly starting wave 3 of 5 to around 5820 (1.618 of wave 1). Wave 4 pull back 0.382 of wave 3 to 5726. Wave 5 extend 1.618 of wave 4 to 5976 which is also 1.618 of the larger wave 4 (5788/5483).

Joseph_King

Possible a larger wave 1 is complete and now wave 2 5562 (.618(

Joseph_King

Maybe done with up move here at 2.618 of wave 1 reached at 5678. Possible wave 4 .382 retrace to 5607 before wave 5 1.618 extension to 5622 which would complete a larger wave 1.

Joseph_King

Plotted more potential waves. Wave 5 of a larger 3 to $5981. Larger wave 4 0.382 retrace to $5574. Larger wave 5 1.618 extension to $6232

Joseph_King

Possibly starting wave 5 to 59+. Wave 3 2.618 extension of wave 1 and popped out of the channel. Wave 3 0.382 retrace and back to the bottom of the channel. Wave 5 1.618 extension of wave 4 to top of the channel.

Joseph_King

Possibly a flat day on Monday as Crude goes through wave 4 of wave 1 down. Possible retrace to 4772 (.236 of wave 3) or 4801 (.382 of wave 3) before down to 4648 or 4678 (2.618 of wave 4 depending on where that wave completes).

Joseph_King

Update to previous 12345 waves down chart with a bit more detail. Wave 2 complete (4559 to 4941), wave 1 of 3 underway possibly.

Joseph_King

Second crude idea this one with 5 waves down.

Joseph_King

One of two ideas, this one an ABC. B completing at 0.786 of 5041/4559 at 4941, C to 1.618 of A to 4262

Joseph_King

Looking at the count for wave C. * Green waves (5 waves within C) 1.618 of wave 4 ($47,20 to $46,91) is $47,37 * Blue waves (internal waves of wave 5 of C) 1.618 of wave 4 ($47,31 to $47,21) is $47,37

Joseph_King

Possible that we're in an extended wave 3 down with an internal wave 2 completed at $47,44 on 31st August. If early next week $47,44 is broken above it will invalidate my count. Based on 5 minute count of the ABC within wave 2 (orange waves) $47,40 could hit.