Thursday, April 2, 2015

4/2/15 - EOD Update

Looks to me like a series of three wave overlapping structures off the 3/26 low. If this is the case, the 60 min chart below shows an alternate count I have for wave b (pink). A possible triangle in the works.

The more extreme bearish view is the nested 1-2 (not shown on chart) down.

5 Min 

60 Min 
I haven't forgotten about the bulls tho. If this keeps chopping, a larger descending triangle may be playing out that forms wave b of (iii) of the large ED highlighted on the daily chart below.


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