So I agree with Daneric tonight that this thing can break down at any moment now, tomorrow or over the weekend with the New Moon. Maybe $100 crude will greet the markets in the morning.
If we actually do find a top, and start heading down, here's how we could do it in light of the 3PDH I've been stalking. I make use of existing channel lines and fib relationships, with each successive wave down rolling over on a failure to regain the channel above.
But until we have actual red candles, this is just ... wild speculation.
|A fine finish to 3PDH|