Of course the bears also have the potential for a wave iii flush down coming as well.
Lets see if the market chops. If it does, either either the larger triangle or determine if it is a wave b triangle.
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| 60 Min |
Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
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Thursday, May 30, 2013
5/30/13 - AM Update
Still watching for the potential triangle here. One thing I did not present is the fact that wave b in and of itself could be forming a triangle before one more flush down for wave c for the bears.
Of course the bears also have the potential for a wave iii flush down coming as well.
Lets see if the market chops. If it does, either either the larger triangle or determine if it is a wave b triangle.
Of course the bears also have the potential for a wave iii flush down coming as well.
Lets see if the market chops. If it does, either either the larger triangle or determine if it is a wave b triangle.