If today was a wave iv bounce, it has already hit 50% retracement of wave iii, which is a tad steep.
The bulls have three waves up off the bounce so they need to defend 2033.84, today's 6:40 AM (PST) high.
 |
| 15 Min |
 |
| 60 Min |
Monday, November 16, 2015
11/16/15 - EOD Update
The bulls staged their bounce at Fib and price support. The bears have to defend the 2068.24 level if they want to build a larger impulse wave down.
If today was a wave iv bounce, it has already hit 50% retracement of wave iii, which is a tad steep.
The bulls have three waves up off the bounce so they need to defend 2033.84, today's 6:40 AM (PST) high.
If today was a wave iv bounce, it has already hit 50% retracement of wave iii, which is a tad steep.
The bulls have three waves up off the bounce so they need to defend 2033.84, today's 6:40 AM (PST) high.
