Crude

Trade of The Week for VO!!!

ES

The question was not IF we get down to the 1067 area WILL it support, but rather, will there be a change in trend WHEN we get there? If structure needs additional downside, we would assume that it would continue to work off the golden triangle. That means we would look for the 190.2 expansion of the XA leg @ 1053.25, or the 3.618 projection @ 1022. The 3.618 expansion is down at the 1008.25 level.

Notice how many times the .526 and 1.902 has led to pivots on the way down thus far. Pretty amazing huh? This begs the question, could this unfolding geometry just randomly occur by chance? Just remember...all waves of similar degree will relate by both PRICE and TIME.

ES, Crude

ES