expanded flat currently in a c wave
multi year trendline to break and then heading for at least 60 and probably quite quickly
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expanded flat currently in a c wave
multi year trendline to break and then heading for at least 60 and probably quite quickly
Hi DB
Thanks for the EW count and summary.
That pretty much agrees with the conclusion in my post and chart #956
......................Could be a nice southern flight (for a flightless bird).
arco
i do find it weird when the b of the abc goes above 5 tho..
Know what you mean Peat........
In expanded flats, wave B of the 3-3-5 pattern terminates beyond the starting level of wave A, and wave C ends more substantially beyond the ending level of wave A
http://www.elliottwave.com/club/memb...es/fig1-37.gif
Dr Who
You will need to ask a fundamentalist that question.
...........My trading is based on technical analysis
rgds -arco
Hi Peat
Thanks for posting that interesting note from Max........seems to mirror roughly the early stages of my chart idea from post #956.
Only time will tell.............
arco
so i averaged in at 7120 during the pull back last evening. 1/4 closed at +90 stop raised to 7170 for the remainder.
.
Nice one Peat. Good when a plan comes together.
I was also long Euro.......TP got hit overnight.
rgds-arco