CXO - Chart Thread, page-3115

My updated wave counts based on action over the last few days.  We've hit the 61.8% retracement level + lower median line support so the bottom of minor wave ii should be in.  Expecting a bounce from here firstly towards the median line at around $1.70 then towards $2+.  However a word of caution should the price drop below $1.21 we may see a larger degree ABC corrective pattern come into play, which would take us down to the $1 - $1.10 mark.  My money is on the upside scenario.  All IMO.