Tuesday, December 15, 2009

Triangle for B?

As I watch this B wave develop it is starting to look like there is a possibility that it will play out as a triangle. If that is the case, it may not even meet my minimum expectation before taking of long.  At this time a break of 1.6280 would confirm the long is in place. That point may be lowered as the structure develops. You can probably see the structure best on a 30 or 45 min chart.

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