If we take the last move down since the 5.25 lately we bounced on the 61.8 fib level around 4.65 from last move. So normally if we can go over that level way is open for 5.25 again.

It will be interesting if we can go towards 5.25 before Q 2 # ..Numbers should be ok and also for further Q’s to come. Today Exxon and Shell posted very good earnings.

If we can smash that level then we can finish the last greater wave on the bigger picture to end at the top around 6.But will we have strength enough to achieve that with Algar and Q2 #..

At least I’m almost sure to see 6 by Q3 # but with CLL you never know.