Thursday, February 25, 2010

Breakout levels

If the previous count is to hold up, we should break out to the upside. If wave 4 isn't finished, it will take the form of a triangle and wave 5 will go to lower levels. Wave structures are not very clear, both wave 5 and wave i are hard to count ( 3 or 5 waves? ). So at this point it would be best to use a breakout strategy.

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