Crude

Crude update. Nice downside action in the crude market today. I believe that it has completed its B wave up (Daily) and has started C down. The attached chart is a 144T (my trading chart) and shows the beautiful down channel. 68.36 is yesterday's low and there are several fib relationships in that area as well. Expecting a retrace very soon.

Edit: As expected crude has started its retrace in earnest. Has broken out of down channel and is currently backtesting it. Will try a long scalp in here.

Edit: Was long only 1 @ 68.72...flat @ 68.93 +.21