Crude oil… almost there

Crude oil is within a hair of the underlying trend line and I'm expecting a throw over of this lower trend line to finish up this final leg down. We are headed into my buy zone… what I will be waiting for is a 5 wave pattern intra day higher…

wave 3 starting in the indexes.?.... finally time to correct?

 

the wave 3 of wave looks like it has started in the indexes..... as we have broken the .786 on the downside in the $INDU from the rally from 16674. a take out of 16674 sets up the wave 3 lower.  if this is the case 16k should be right around the corner.

CK