Elliottician
Short

Third of third possible Elliott wave formation in Transocean Inc

NYSE:RIG   TRANSOCEAN LTD
On the 2H chart:
1) Currently fifth wave forming.

On the 15 min live chart:
1) The third wave of the third wave forming.
2) Uptrend-line broken to the downside.
3) The current wave retraced to 38.2% of wave 2
4) This particular high probability trade has a risk:reward ratio of 5.4:1
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