Using Expanded Flat criteria (Wave B = 123.6% of wave A and Wave C = 123.6% – 161.8% of wave AB), we could see WTI price would try retest price 40 and 41 MACD already make a bullish divergence.
As long as Wave A didn't break under Wave 4 / Pivot Points Monthly (+-39) and stay above Fibonacci Channel as a trendline.
This is the big picture of IDX Composite Index using Harmonic Pattern (Bearish Gartley) as projection, Pivot Points Yearly as S/R and Gann Fan as Trendline.
It will happen as long as index break 2 trend line of gann fan (3/1 & 4/1) and S4 pivot points (yearly).
It will be canceled:
1) If Index break and stay in S2 area untill the end of year. Index become sideway...
Using Bearish Cypher (Green) and Bearish Crab (Blue) as projection. And Impulsive Wave + Gann Fan as a confirmation. It will be cancel if the price break, close and stay under S2 Pivot Points (yearly) and 8/1 Gann Fan.
