I was reading more on the wolfe wave's and this seems like a good example. In fact the smaller counter wolfe wave was the move up from 1.300. You can see the large wave 1, then the compressing 3 and 5.
Rezaei
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I'm with you,it is nice pattern.
But the 1 wave's start location doesn't affect to this analysis and the target.
Profit is the most important term in this market.
anyway,it is just my idea :)
AnkurSethi
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Interesting now how it found support at the 2-4 trendline
Rezaei
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I mean it Just doesn't affect in THIS analysis ;)
AnkurSethi
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Looks nice, I also think it is due for a hefty correction.