The B wave is nearing completion Watching for reversal signs for C wave to complete Running FLat
Wave C now approaching 78.6 fib level giving us a Gartley Pattern
Watching price as it approach 88.6 fib level 113 if it breaks the previous top
Price should produce a wave up to finish Running Flat before further downside
We got our forecast-ed wave C Now waiting for reversal
We are now completing wave C of a Running Flat From a pattern perspective we should get a down wave breaking previous low Will keep an eye on price as we drop
We got our wave up as forecast-ed We are now nearing the end of the larger pattern Watching for reversal signs going into next week
Oil has moved exactly as we last forecast-ed how due to the nature of the movement it seems like we are now creating a larger pattern If price moves up in a corrective manner then the forecast will change to not break the previous top
Creating an Extended B-wave Flat Nearing the end of the current wave Waiting for sign of reversal
We should get a short impulsive wave down to complete WXY pattern Expecting 1 more wave up breaking previous top to complete WXYXZ pattern before having a larger impulse to the down side
From last analysis we are anticipating a down wave to finish off bearish move on the larger time frame We now have a Bearish Running Flat/ Expanded Flat formation Watching price on lower time frame
Nearing the end of an up wave Waiting for Bearish correction to confirm downside
Price has reached a level where we can expect a reversal Watching price on lower time frame We could get a bounce off the trend line for 1 more wave down A break and correction above the trend line would confirm the start of up-trend
Regular flat pattern Wait for bearish set up before downside
from our previous forecast we anticipated a down move at the 127-131 fib level We are now finishing Y wave Possible to get another wave down so watching price when it approach trend line
Price moved exactly as we Forecast-ed from previous analysis Watch 113 fib level if it turns into an Expanded Flat