It broke the bottom, its changed the running flag for an expanding flag, the 27% target from the lat impulse is now invalid. If you see a buy setup its ok.you get that UP move anyway, but forget the target maybe retrade 21.8% on the last impulsle.
Looks like, on average, this has been fairly accurate. We're approach the peak?
sevensphere
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It broke the bottom, its changed the running flag for an expanding flag, the 27% target from the lat impulse is now invalid. If you see a buy setup its ok.you get that UP move anyway, but forget the target maybe retrade 21.8% on the last impulsle.
MartinX
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I also look at this as a possibility... if it works out...it'll be a lifetime short opportunity above the current top :)