August Crude remains on track for a rendezvous with the bullish target shown, 86.66. It might require a wrenching pullback first, and so I’ll mention that the red line (p=79.55) could be bought ‘mechanically’ with a theoretical stop-loss at 77.18. That would risk nearly $10k on four contracts initially, so we’ll need to come up with an appropriate ‘camouflage” strategy if the opportunity materializes. _______ UPDATE (Jul 19): Crude took a pounding toward the end of the week and now looks like it could bottom lower than where I’d initially predicted. Use p2=78.77 of this pattern as a minimum downside projection for now. You can also attempt to bottom-fish there with a reverse pattern and ‘camouflage’ trigger. That means executing the trade using a trigger from a chart of small degree. _______ UPDATE (Jul 23, 8:56 a.m.): With today’s power dive, crude is about to bottom at or near d=76.26, the Hidden Pivot target I flagged yesterday in the chatoom when I swapped this contract for the August.  Here’s the updated chart.