Monday, December 6, 2010

Wave B zigzag forming?

Looks like we did top like expected and price has been going lower since the start of the week. This decline is another wave B and looks like it might have 1 more low in it. Internally, this decline looks more impulsive ( 5 waves ) than corrective ( 3 waves ), but remember, this wave B could be a zigzag which has a structure of 5-3-5.

No comments:

Post a Comment