Replies to post #48655 on Short Term Trading Member Forum

[techcharter]

Crude Remarks.

I agree. The wave count I'm looking at has a double zigzag counter-trend rally coming out of the early August 2016 lows. connecting the pair of zigzags is a well defined triangle. In the second zigzag, wave b is a little triangle that is also well defined. Today's selling almost retraced the zag of the second zigzag. If the price drops to $49, then odds favor a top being in.