SamSuka
The Long Investor
The Long Investor

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$OXY

I don't believe this Wave 4 is complete just yet because I only see 2 waves present so another pull back to test the 0.38 Fib at $65 would be ideal here next before it can move higher to the Wave 5 target at $73.

The 50 Day MA is also moving up to the 0.38 Fib for assistance if needed for support

$OXY

Comments

If wave C were as long as wave A, we would almost touch the 200-day average. Do you know how high the chance is that wave A will be as long as wave C, or is there any data on this? Thanks

Thomas Brandt


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