Wednesday, August 20, 2014

8/20/14 - EOD Update

I like the squiggle counts on the 5 min chart. Per the blue count, wave {iii of iii may have completed today.

The yellow count, however, has wave {c of y of a double zigzag complete. One thing to note is that wave y = w at 2000.

We'll see if the bulls can make a new all time high, otherwise, keeping an eye on a potential double top here via the yellow count.

5 Min 

60 Min 

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