Tuesday, August 12, 2014

8/12/14 - EOD Update

I think the best count at the moment is the double zigzag for wave b yellow, which forms the right shoulder of an inverted H&S.

As posted earlier today, the wave structure is complex so it fits best as a corrective. It may even chop around some more and may target the lower end of the blue channel.

As suggested earlier this AM, this was probably a buyable dip. Lets see if this trade works.

5 Min 

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