Can CL Sell off to Fibonacci Extension? -4,614 Ticks to targetCrude Oil FuturesNYMEX:CL1!JoshuaMartinezCL Daily time frame is in a down trend. The market is making lower lows and lower highs. There is a down Fibonacci with an extension price point 42.38 about -4,614 ticks below the market. As long as the market does not take out the one boundary price point 110.93 it is expected the market to fall towards the Fibonacci target. Entry: Counter trend line break bearish in the sell zone. STOP: 113.05 LIMIT: 42.38 Another entry idea: If the risk is too large off the daily time frame. It will be a good idea to turn to the smaller time frames and look for selling ideas with less risk.