Capturing the Upside Reversal In Crude Oil

Timing work can be very helpful when you're trading.  It will identify time windows when we should be watching for a possible reversal of whatever the market is doing into these cycles.  

We have an example of this in Crude recently where we had a few outright cycles that came due 4/8-12.  We also ran the timing histogram which gave us a standout date of 4/11 for a possible low.  

The actual low was on 4/11 within 2 ticks of a 1.618 extension of a prior swing.  Since then we've seen a rally of $9.72 so far.

Timing cycles won't always kick in, but they are always worth watching for when they do!!

Carolyn Boroden, who is renowned for her expertise in Fibonacci price and timing analysis, hosts the Fibonacci Market Analysis service at ElliottWaveTrader.