Tuesday, October 5, 2010

10/5/10 EOD Update #3 - Expanding Ending Diagonal?

The Expanding Ending Diagonal - Frost and Prechter

Anything below look familiar?

3 MIN

This could be a winner of a count. The final subminuette v red may be working on an expanding ending diagonal. This is a bearish pattern that results in a reversal.

Keep in mind though that Prechter does not really cover much on this.

I have found a website that has though:

http://www.wavetrack.com/articles/elliott-wave-expanding-diagonal-patterns.html
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