Wednesday, February 2, 2011

Complex Price Action

Price went higher so i have to adjust the count. 1 way to count it is as a complex triple three wave, but this is not very common and there is a complex triple three inside this triple three. Another possibility is that wave B is finished allready and we go only higher from here. The reason i'm hesitant to count it as such is because indicators are still diverging a lot, so it would require a decline or some ranged action to reset these indicators condition. Look for the channel break to confirm the rally is finished ( or paused ).

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