Short Setup for Wave 3 of 5 of C

15 Haz 2018

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.

15 Haz 2018

Not

Invalidation point at 65.83 hit!

27 Haz 2018

Not

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