Wednesday, February 12, 2014

2/12/14 - EOD Update

Update: One thing I forgot to add in regards to the triangle, I have a suspicion it may fail. Just a gut feeling.

Looks like a potential triangle was forming intra day. This may just be wave (iv) (15 min chart). Interesting that price is triangulating along the neckline of the inv H/S.

If it is a tri, I would expect one more little pop higher and then conclude wave i or a (per 60 min chart). There was a MACD sell signal today on the hourly, so we'll see.

15 Min 

60 Min

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