Things are so unclear lately it is dangerous to post for risk of ridicule but this is the first time I feel I might have a handle on how this correction is playing out.
Even as I write, the break out downwards is slowing and reversing...so not 100% convincing, as I'd expect this to break out with some enthusiasm :-/
So, having watched the triple top/H&S unfold, we didn't blast up through and void it and finally the triangle is showing itself.
This may well explain why the retrace of the this wave iv has been so shallow.
Looking for a wave v now, into the 1340/1350 zone.
Even as I write, the break out downwards is slowing and reversing...so not 100% convincing, as I'd expect this to break out with some enthusiasm :-/
So, having watched the triple top/H&S unfold, we didn't blast up through and void it and finally the triangle is showing itself.
This may well explain why the retrace of the this wave iv has been so shallow.
Looking for a wave v now, into the 1340/1350 zone.
rubenthin
PRO
Just to show where I'm coming from on the daily:
Reply