Wednesday, August 5, 2009

AM Update: Poss Wave IV Triangle




There may be some room for a little more downside. There appears to be a wave iv triangle in the works. You could even call it an inverted pennant.

I have labeled the triangle sub-waves with blue and red. The blue sub-wave labels are my primary count with the red labels as an alternate in the event that the triangle has more room to play out.

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