An attempt to see Chevron in big Picture

We can see a very nice Impuls in five Wave up. Now we could be in Wave B. Wave C could be a lot deeper.
Look at the Proportions of Fibo Levels. Its like Magic!
Even we are at this nice CL which is now a kind of resistance.
Let us see in a few Month what happend.

Komen:

Also here. Good Risk Reward for a short. Or even better to sell a Credit Spread.

Komen:

Here we have broken CL. But dont worry. The Market should make a Pullback at CL. Then it will decide if we goes up again or we will make the Wave C. Observe Oil Market. Even XOI