Wednesday, February 12, 2014

2/12/14 - AM Update

15 min shows a potential bull flag forming. However, the hourly MACD sell signal is confirmed so would be nice to see wave ii or b in progress.

12:30 PM

The bears attempt to print a larger impulse failed. However, their correction attempt is not quite over if this is wave C down. Some extension targets.

11:54 AM

A possible head and shoulders pattern playing out. It targets 1809ish.

7:52 AM

Looks like five tiny waves down off the day's high. Wait for the bounce and most likely another leg down.

7:43 AM

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