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Elliottician
Jan 1, 2015 11:58 AM

Third of third possible Elliott wave formation in Transocean Inc Short

NYSE:RIG15
Transocean Ltd (Switzerland)NYSE

Description

⋅
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
RIGElliott Wavewaveanalysis
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