Either way I very much expect the short to continue even if it does make one final push long to complete the (c) leg of {ii}. If this is the case a likely stopping point would be 1.6192 which is the .618% extension of wave (a)
Sunday, December 20, 2009
Alt Possibility for minor long move
See the chart below for another possibility that has the count in a (b) triangle in the middle of wave {ii}. If this alt count turns out to be correct price will not be able to exceed 1.62485. If it does then another count is afoot. If you are in short close out when price breaks even for you or when it breaks the triangle trend line on the short side.
Either way I very much expect the short to continue even if it does make one final push long to complete the (c) leg of {ii}. If this is the case a likely stopping point would be 1.6192 which is the .618% extension of wave (a)
Either way I very much expect the short to continue even if it does make one final push long to complete the (c) leg of {ii}. If this is the case a likely stopping point would be 1.6192 which is the .618% extension of wave (a)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment