It has taken a bit of time, but COP is moving lower into my forecast Fib support zone at $63-$61. Looking to build outright longs or do it via a Call Spread

anybody that can find opportunity and make money consistently using technical analysis, and David is one of the best, I bow in admiration, but heck it can be so much easier to make a few shackles using options e.g. * 1SD Short (for a Credit) Strangle in July20 Cycle has small (Delta 4) bullish bias & brings in nearly $4 per day in Theta decay. * Max Profit for basic 1 lot $136 * Probability of Profit 68% * look to exit at 50% Profit point (probability 85%). * @ no later than 20 days prior to Expiration if position is working Roll to August cycle, alternatively close out at 20 DTE * rinse and repeat

Looks a bit like a Head and Shoulder in the make. But thats probably not in Elliot´s textbook :-) We'll see.

Don't think it is going that low anytime soon.

Thx for getting rid of the blasting music: Short, sweet, quickly to the meat.