Tuesday, December 28, 2010

Time for a corrective decline

We did get a small wave B in the form of a triangle. After this triangle we got 5 waves up to finish a wave C. Wave A equals wave C, which is not very common for a flat ( usually wave C = 0.618 or 1.618 of A ) but it's possible. We now have 3 waves up from the low, so i'm now expecting a corrective decline but the trend is now up.

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