Sep 30, 2014


The pattern is getting very choppy and more complex than I have expected. I do not think that we are seeing impulse lower, such patterns are corrective.
Currently I think we are seeing triangle for wave B and last final push lower should finish the whole corrective move.
The price found several times resistance at MA50 and can not move above it. The bulls are still weak.... I suppose we should see one more flush lower before reversal.

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