manu01

manu01

OIl failed to go up from 48,44, it went down in what seems like a five to 46,60, then it rally to 47,41, then a little bit up. So it may keep going down.

manu01

If its a zig zag, wave c should touch the red trend channel in a few hours or a day. The wave c almost fits into a trend channel. And if the rally goes above the 48,55 there´s a good chance that the trend keeps up a few more bucks.

manu01

If you look at smaller time frames, there´s a lot of overlaping, especially in wave c, besides the possible wave c almost fits into a trend channel.

manu01

I think oil has started his way down again, because it has taken to long, but the only way to be sure is if it breaks above the 51.75.

manu01

Is very possible that the oil getto at least 53, becase wave C in a zig zag tends to be 100% of wave a. If the oil break this point the more likely is that it make another zigzag for a triple zig zag. Thans for your readings!

manu01

I think that it need to retrace a little bit more, at least 55 and maybe get to the 60$, and beside the price range in wave 4)) is between 41 and 60, and is common that a retracement get in the territorie of the preceding wave four of lesser degree. Thanks for your reading, and sorry for my english.

manu01

At 30 it will be the 1,618 from wave I, and the fib spiral touch the basline chanel at 27