The previous wave count has become cloudy with the 5 waves up from 145.57 and has suggested that a flat is now possible. (Or a resumption of the up trend.) Another 5 waves up would make wave B a zig zag I'd have to check how often that occurs, but, that would give the 4hr chart a nice 3 wave look for a valid flat. Pt D of a Bat would be a potential area for some sort of reaction, if not the beginning of wave C Risk seems well defined as any price action above X would throw serious doubt into this idea. Wave structure as price approaches will fine tune the possibilities. Until then I may place an aggressive long should the opportunity develop. Possibly a break and then retest of 147.25 ???
Comments
tony.jork
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I like your detailiers chart very nice
tony.jork
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thanks and Happy trading and good Thanksgiving
dojitrader
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Happy Thanksgiving to you as well !!!!!!!!!!
dojitrader
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Much cleaner look after removing all the old stuff