Short Setup for Wave 3 of 5 of C

2018년 6월 15일

I believe Crude Oil is in the midst of completing Wave 2 of 5 of C. My target for subwave Y of Wave 2 is at 68.11 area (Wave Y = 161.8% of Wave W). My justification for the target is base on the wave count for WXY of Wave 2 as shown below. Once Wave 2 is completed, I'm expecting a substantial fall for Wave 3. The target for Wave 3 is at around 54.17, which is the typical 161.8% of Wave 1.



Disclaimer: These are just probabilities. It might go higher/lower than what I've forecasted.

2018년 6월 15일

노트

Invalidation point at 65.83 hit!

2018년 6월 27일

노트

Crude Oil broke 72.83. That had invalidated our bearish count. I'll reassess my count soon.