Tuesday, April 28, 2015 8:44:31 PM
CL-Oil
The blue count was modified with the target zone: wave iv triangle seems to be about to coplete (though we can't be sure so far), and ideal target resides at 61.16 region. This target ideally matches the Fib resistance on the daily, and overbought technicals on the daily make me leaning to 61 region as a likely target as well.
To consider wave iv triangle confirmed I want to see WTI over 58.41; below 56.04 triangle count would be seriously questioned. 54.83 remains the signal level pointing to high probability of invalidation of the higher targets (alternative now)
The blue count was modified with the target zone: wave iv triangle seems to be about to coplete (though we can't be sure so far), and ideal target resides at 61.16 region. This target ideally matches the Fib resistance on the daily, and overbought technicals on the daily make me leaning to 61 region as a likely target as well.
To consider wave iv triangle confirmed I want to see WTI over 58.41; below 56.04 triangle count would be seriously questioned. 54.83 remains the signal level pointing to high probability of invalidation of the higher targets (alternative now)
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