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Monday, August 25, 2014

WTIC...

I've seen several charts of west Texas crude with a line drawn as a Triangle so I thought after seeing them and knowing from an wave perspective that they were not triangles,then what is it? The I-Cloud gives us a support shelf in the past (Price)
The Red dotted line seems to be a 50% support level. Will Crude Oil bounce at this
level or will it go lower to test the previous Double Bottom?
By the way the Fib Fan is just that,stockcharts .com doesn't have a Gann Fan.
  On that subject of what 'they' don't have
Is a Fibonacci Projection tool or a Day
Ruler. These are very important tools
because Time is counted in calender days and trading days,not Fibonacci projections.
That's my Humble take on it.

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