The entire {a}-{b}-{c} structure so far looks like a rising wedge itself.
We'll give the bulls the benefit of the doubt here too with the green count option. The 20 day SMA would be a likely target for the bounce.
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| 60 Min |
Friday, August 23, 2013
8/23/13 - EOD Update
the bounce so far off the 8/21 low looks like a nice {a}-{b}-{c} bounce for wave iv with wave {c} possibly forming an ending diagonal.
The entire {a}-{b}-{c} structure so far looks like a rising wedge itself.
We'll give the bulls the benefit of the doubt here too with the green count option. The 20 day SMA would be a likely target for the bounce.
The entire {a}-{b}-{c} structure so far looks like a rising wedge itself.
We'll give the bulls the benefit of the doubt here too with the green count option. The 20 day SMA would be a likely target for the bounce.
