Feb 6, 2014

Update

Monday was exhaustion bar as I have suggested, than we saw waves 4 and 5 of smaller degree and now the retracement.
The plunge on Monday was too big and I think we do not have an impulse from the top but a zigzag. This is important because it means that we have another corrective structure lower and after the correction is over we should expect another higher high which is my preferred scenario.

2 comments:

  1. Excellent work, and I check your site regularly. Thanks for doing this.

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    Replies
    1. Thanks!!!
      I am trying to give my best:) Sometimes a move surprises me like on Monday, but no one is perfect:)

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