Wednesday, May 1, 2013

5/1/13 - AM Update

An update to the 1 min view. The bears failed to create five waves down. The only other options now.

1 Min 

A 1 min view.
1 Min 

Lets see if the bears can form five red waves down. If so, I can see a potential for a bounce back to the underside of the TL if they do. That would create a good short entry.

A 10 Min view.

10 Min 

60 Min

Watch the blue count option. This AM pullback may have just completed wave iv of the ED.
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