Comments on the chart. It not quite there yet though
The (c) level is still intact and as long as it is I will keep looking down. The proposed (e) wave can complete anytime now
A bit of weakness seen today. However it is too soon to call the end of wave e and a turn down for a move towards .6900
I think wave (e) has completed. If my idea is correct price should go all the way to the beginning of the triangle structure. So .6900 here we come. I would not like to see a close above .7321.
Hello again Olu,
Just wondering here.
Does the proposed wave 4 contracting triangle abcde look big enough in size or time, to be similar to wave 2 abc ?
Maybe this is wave 4 of 3 (the big wave in the series) ?
Looks like you have picked the triangle nicely.
In the bigger EW picture I wonder if you agree with me ?
2011 to May 2013 ???
to Aug 2013 wave 1
to July 14 wave 2 abc
to Sept 15 wave 3
to 24 Dec 15 wave 4 abcde
now in wave 5 = wave 1 so I expect about 0.6 as the end.