It has been quite some time since I posted this chart. Because not much has been going on, but just a update.

The market should trade now between the -(3)- high and the lowest angled up trend line for a larger wave four pattern. How that pattern unfolds is anyones guess. Corrective waves are hard to determine. They can be simple, running, sharp or flat. They can be complex, flat, running, and everything in between.

The best way to trade is stay out or use trend lines and look for the -12345- pattern to end each wave turn.

This should bring oil prices down in itself with the dollar showing some strength in the international market.

charleydan
www.sillywaves.blogspot.com