The /CL (crude futures, or USO, SCO, etc..) short trade effectively hit the top of the third target zone followed by the typical reaction, so far. The circled area (here up to the former T1/115 level) provides an objective short entry or re-entry for those that booked profits at T3 (max bounce target would be a backtest of the uptrend line). 60-minute chart below.

CL 60m June 16th

CL 60m June 16th

A video covering the equity markets & energy sector (crude oil, natural gas, & coal sector) as well as various trading tips & considerations for the current trading environment is uploading now & should be published shortly.