Should we break out over the recent high of $106-$107 we should go very fast towards the $122 area and consolidate. This could take a couple days or more but should take place relatively soon after an eclipse of the $107 area. This 1-2, i-ii structure is coiling for explosive upside.
IMHO this is about to take off to the upside something fierce.
This chart represents the beginning stages of the various subdivisions of the larger degree Wave 3 with this being 1 of ( I ) of the larger 3.