the case for $170 oil ….

one chart – the only thing wrong w/ this chart is the length of the data.  “wish” I had longer time frame oil prices.  however, based on that I put together this count.

rules:

  • 2 can’t go below the origin of 1: check.
  • 3 can’t be the shortest: check
  • 4 can’t go below 1: check

thesis, this move in oil is a C wave and is certainly acting like it.

why  not step in and BUY at 64 OR wait for a nice pullback since, as shown below 67 might have done it.  (NOTE: PRICE = TIME today for the 67 level)

What if … what if this count is correct? K A B O O M ….

the case for BULLish OIL ...perhaps?
the case for BULLish OIL …perhaps?
RSI ALMOST AT EXTREME
RSI ALMOST AT EXTREME
A=B IN PRICE AND TIME - TODAY
A=C IN PRICE AND TIME – TODAY

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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