Looks like a very extended five wave action with the fifth wave being extended. The other bear option not highlighted there is a nested 1-2 down with today's decline part of wave 3.
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Wednesday, March 25, 2015
3/25/15 - EOD Update
Wowie. There's some bear action there.
Looks like a very extended five wave action with the fifth wave being extended. The other bear option not highlighted there is a nested 1-2 down with today's decline part of wave 3.
Da bears created the iv-i overlap so the bull count is out.
Still watching this wedge/ED. Price is back near the lower trendline. Wave C of (4) is certainly still an option among other bearish options.
Looks like a very extended five wave action with the fifth wave being extended. The other bear option not highlighted there is a nested 1-2 down with today's decline part of wave 3.
