Tuesday, July 30, 2013

7/30/13- AM Update

Watch the potential purple option with the wave b triangle potentially playing out before c attempts a new high or double tops.

10 Min - 12:16 PM

Watching the potential ED.

10 min- 9:34 AM

I updated my 5 min chart to a 10 min chart and changed the colored options so that they are consistent with my 60 min chart.

The bears may be setting up for a move here with the daily MACD set to cross. Lets see if a double top occurs here complete with an ED.

The bulls need to push this above the red line in an impulsive manner, otherwise, a potential ED may be in the works.
10 Min - 8:12 AM

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