Friday, April 2, 2010

Running out of bearish options

The red line was broken yesterday, so the previous count in now invalid. I propose this last bearish count in the form of an ending diagonal, where wave 3 will start now or anytime soon. If the wave 4 high is broken, i will be forced to label the low of 1.3266 as the end of wave 5. If that's the case, we are now building the correction of the 5 waves down on the daily chart.

No comments:

Post a Comment