If you follow Bill Williams you will see almost the perfect trade setup, here's why:
- A bullish reversal bar has formed at the correct angle and below the alloigator
- There is clear divergence between wave 3 and wave 5 of the correction (which shows a reversal is going to happen)
- We have a falling wedge and price usually breaks to the upside
- Because its about damn time too !!!
Comment:
Just as predicted off we go on our journey up. . .
Comment:
A small drop in a few hours to 8300 for the correction and then up to wave 3:
Comment:
A slight change on the lower side times: