Sunday, September 5, 2010

Rough waves

It appears, for now at least, that the triangle count was the correct count. Note that there's a triangle wave D in the triangle, which as far as i know is pretty rare.


Price following the triangle isn't really what i call perfect impulsive action. I looked for expanding and contracting diagonals with and without the wave 4 triangle, but none of them seem to fit if you respect the rules. Another thought is that this triangle is a pause in the bigger correction, meaning a wave B or X. This would fit price action after the triangle a lot better. There's only 1 thing to do now unfortunatly, that is wait for clarity again...

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