Tuesday, April 30, 2013

4/30/12- EOD Update

60 Min 
There are a few options here that are not too far off. The wave structure up top here looks like a wedge.

The options:

1. The wedge ends tomorrow where I have 5? labeled.
2. The final fifth wave of 5 is an ending diagonal (blue labels).
3. The triangle option (red tri)
4. A third of third of 5 starts tomorrow. Not too sure about this one but if the market opens with a gap and go, this would then be the best fit. (this is similar to the blue labels but iii blue shoots higher).

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