this chart is looking good so far,with cycles working well,a bearish DI cross and price pressuring last year's high,threatening a false break pattern.This calls for a measured move to around 1275 by eom or early May
The putative wave count is also working well,but I wouldn't hang my hat on it :-) Still the trendline break and ema cross are not to be ignored.As always with Elliott there are always alternative counts but this one will do for me,for now.
The putative wave count is also working well,but I wouldn't hang my hat on it :-) Still the trendline break and ema cross are not to be ignored.As always with Elliott there are always alternative counts but this one will do for me,for now.
No comments:
Post a Comment