I originated this setup on the way past the .618 fib, first leg of the resulting GARTLEY - - now stay short to 2.00 even
We are @ 1.272 channel top and due a correction , get shorty !
WTI had a breakout from the falling wedge but should still chop around in the larger descending channel.
An equal decline in price to 2011 will put us at $72.25
GARTLEY , GO LONG !!
if price goes up we have a bearish Gartley completion @ 136.72 or down a bullish Gartley completion @ 135.41