note the blue triangle – finished a BUY pattern after breaking the support … IF this is a correct view (the a-b-c-d-e triangle completing the 4th wave) then prices should not go back up above “e” and we are in a “corrective move” up for more weakness to follow.
once prices start back down (if they do) then we’ll see 118.20.
ultimately, this will draw prices down below 116.00 IF CORRECT … as long as price stays below “e” I am going w/ the triangle thesis …
hope you’ve had a GREAT weekend …unbelievable weather here in Northern VA.
cheers to you and yours – wherever you are …
B
