Thursday, August 6, 2015

8/6/15 - EOD Update

Looks like the wave c call from yesterday was the correct call since it did not take out 2113.8x. The market retreated lower in what appears to be a nice little impulsive wave with four waves completed so far.

Two options on the 5 min chart below:

1. Either a tiny fifth wave lower tomorrow to complete wave c of a flat or...
2. Wave  y completed today for a double zigzag

5 Min
 Earlier today this is what I tweeted:
The triangle is highlighted on the daily chart above. If it is a triangle, it works well with the green count.
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