Replies to post #16057 on CHARTS_CCI_SYSTEM

[dindindon]

11/12/15 CVX

review
11/11/15 01:10:10 PM
- Overall, the upward wave "b" looks weak.
- dip below 91.76 to gauge the downward wave "c" may start.

status
- gap down, wave “c” has commenced
- i completed a CALL option CVX 11/20/2015 90.00 C in the first 25 minutes.
- keep watching.

wave count for conceptual illustration, it morphs quickly than i can perceive.
in a larger bullish context, wave 12345 may "upgrade" to wave 1 (a degree larger), wave abc may upgrade to wave 2 (a degree larger), no one knows for sure.

old chart: http://www.chartupload.com/images/49787251105303729701.jpg