Tuesday, July 28, 2009

Another Look

Here is another way to look at the potential triangle as it plays out. I used a line chart and this helps smooth out the mess that has transpired over the past few days. The subwaves become much clearer.

Each triangle subwave should consist of a 3 subwave structure. So the triangle should have a total of 5 (a-b-c-d-e) three subwave (3-3-3-3-3) structures.

Notice that you can clearly see the 5-3-5 pattern (for most) for each a-b-c (in red) within each triangle subwave.

I have adjusted my triangle 'b' wave and 'c' because of this view.


  1. gracias for your viewpoint. daneric seems to also see both a triangle and a head & shoulders possibilities and cobra seems to see the triangle and a failed wedge. as always, two sides to every coin. but then again, if it were easy everyone would be millionaires!

  2. de nada bruiser. we will see shortly what plays out. the head and shoulders pattern is an interesting angle. something tells me though (just my gut feeling) that we may see a downside much lower than what is widely expected. again, we shall see...GL!