This is a follow up to my previous plan calling for $55 bottom: 
Target was hit but where is the bounce?
This idea is a microscopic study of the bounce (if it is to happen).
If price hits the 4.236 extension before going ANY lower, then there is a chance 55 was the bottom.
Let see what happens over the last 2 days of the week....
Background:
My study of Oil began in May 2018, when I called for $80 as the target/top
As for Sept 2018, I was looking for a strong dip
Once the dive started, I was looking for $ 55 as a possible bottom:
And that price has been hit, so the current idea is a study of a possible bottom, and how to gauge strength of the bounce
Target was hit but where is the bounce?
This idea is a microscopic study of the bounce (if it is to happen).
If price hits the 4.236 extension before going ANY lower, then there is a chance 55 was the bottom.
Let see what happens over the last 2 days of the week....
Background:
My study of Oil began in May 2018, when I called for $80 as the target/top
As for Sept 2018, I was looking for a strong dip
Once the dive started, I was looking for $ 55 as a possible bottom:
And that price has been hit, so the current idea is a study of a possible bottom, and how to gauge strength of the bounce
Note
Update: Price has hit the 2.618 again and pierced a bit. But not looking very impressive yet Note
Oil has breached the critical 2.236 and trying to hold. Still need to break the 2.618 to show true bulls signs 
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.