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wsbza
Nov 8, 2017 2:06 AM

Bullish Triangle ??? Long

AIR NEW ZEALAND LIMITEDASX

Description

it pimply looks like a triangle after impulse

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maybe the triangle only represents sub wave B of a Zigzag

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my preferred wave count suggests wave c of (iv) , so i am expecting c=a or 0.618a
if c=1.618a then i may have to change the overall structure

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wave (iv) done?

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a solid daily close above the yellow trend line would suggest wave (v) is under way

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looks like a lower degree triangle

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maybe wave (v) is done

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otherwise the recent top could be i of (v), but we need to see price push above 3.15 first

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