cbud
Long

Impulse wave off an A-TriangleB-C in EXC forming

NYSE:EXC   EXELON CORP
7 0 1
First rally up in what is looking to be a clear impulse pattern off a clear A-ExpandingTriangleB-C corrective decline.
Any 3 wave corrective patterns on the 15 min timeframe into a wave iv or 2 as labeled could be corrections into a wave C rally into 40.80 or the upper Blue trendline across the highs around 38.28.
For now the overall Daily structure is conservatively corrective, but you never know. This could also be the beginning of a wave 3 impulse up.
Anything can happen, but conservatively I am looking for a next correction into 32.58 or a wave 2 correction higher into 34 to get long and take a chunk out of the Wave 3 of C up.
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