ABC correction where B wave is a triangle
if so the two legs AB and BC are identical
box on the chart is my first target. from there things can develop differently.
I think the ABC was the th wave and we are now in the making of 3 of 1 of
GL
and so be it
looks like a couple of easy bucks :-)
there is a potential hidden divergence forming on macd histogram. it is not completed yet, but looks like it would
I can see a 5th wave from the bottom of 2008 in the form of an ending diagonal.
we could be just finished wave 4 of this triangle and embarking 5th wave.
this wave can produce THE TOP of the markets.
take care
and
good luck
