5 waves completed ?

17 ม.ค. 2016

One can count 5 waves from October lows with a perfect wave 5 target at 1,4535. That would go inline with stabilization if not a recovery\bounce on WTI above 29. However, looking at indicators (overbought but no divergence) and at the price action, it looks very agressive to call for an intermediate top already and to anticipate a reversal.

However, I think it is interesting enough to be mentionned. Let see what happens next week and if we get more elements to fuel the idea of a correction.