Tuesday, November 12, 2013

11/12/13 - AM Update

Starting to have a falling wedge look to it. We'll see. The momentum indicators are hinting at possibly a lower decline though so we'll give this trade till about 62% retracement.

3 Min- 11:06 AM

Take a stab here.

3 Min - 9:11 AM

Lots of chop yesterday. Watching the expanding pattern here.

Could be an expanding triangle for wave 4 (see daily chart) or a topping pattern. If it's a wave 4, wave e down should be on tap.

10 Min - 6:23 AM

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