Friday, March 27, 2015

3/27/15 - AM Update

[7:05 AM Update] - Perhaps trade the breakout for wave c red.
7:05 AM - 5 Min 

[6:41 AM Update]The bears may have completed five waves down and working on a abc countertrend bounce. I have also added the nested 1-2 count I mentioned in the previous post. 

6:41 AM - 5 Min

Wednesday, March 25, 2015

3/25/15 - EOD Update

Wowie. There's some bear action there.

Looks like a very extended five wave action with the fifth wave being extended. The other bear option not highlighted there is a nested 1-2 down with today's decline part of wave 3.

5 Min 

60 Min 
 Da bears created the iv-i overlap so the bull count is out.

Still watching this wedge/ED. Price is back near the lower trendline. Wave C of (4) is certainly still an option among other bearish options.