EW wave 4 pennant in spe
Still C a lower low coming before a correctional ABC wave up as a wave 2 of the 3rd wave (still to come).
When do price tells us that we are going lower? With the break of the 127.2 fib line. Then I C a possible target at 2032
The Bullish Bat on dayly is a strong indication that the market hasn't completely surrendered yet...that bulls still hope for better days. (See link below)
With the break of 2067.92 I'll make the argument that the top is in and the low of october 15th 2014 will be revisit.
Ending Diagonals always comes back to where they started!!! It's not a matter if but when.
Remember in bear market surprise is always to the downside so top should be shortened.
So
Short term: Chop
Intermediate term: Lower then up
Longer term: Bearish
If you agree with my chart(s) or just want to show appreciation - please click the thumbs up in top left corner of the chart.
I would really appreciate it! Thanks!
TWUC
@BLawrenceM
Follow me on Twitter for intraday updates and scalp plays. I do most of my updates there!
Music at work: AC/DC Shoot to Thrill from Ironman 2
www.youtube.com/watch?v=xRQnJyP7...
open.spotify.com/tra...XhC3HFJZUcYWzJ59960b
Still C a lower low coming before a correctional ABC wave up as a wave 2 of the 3rd wave (still to come).
When do price tells us that we are going lower? With the break of the 127.2 fib line. Then I C a possible target at 2032
The Bullish Bat on dayly is a strong indication that the market hasn't completely surrendered yet...that bulls still hope for better days. (See link below)
With the break of 2067.92 I'll make the argument that the top is in and the low of october 15th 2014 will be revisit.
Ending Diagonals always comes back to where they started!!! It's not a matter if but when.
Remember in bear market surprise is always to the downside so top should be shortened.
So
Short term: Chop
Intermediate term: Lower then up
Longer term: Bearish
If you agree with my chart(s) or just want to show appreciation - please click the thumbs up in top left corner of the chart.
I would really appreciate it! Thanks!
TWUC
@BLawrenceM
Follow me on Twitter for intraday updates and scalp plays. I do most of my updates there!
Music at work: AC/DC Shoot to Thrill from Ironman 2
www.youtube.com/watch?v=xRQnJyP7...
open.spotify.com/tra...XhC3HFJZUcYWzJ59960b
