Monday, July 26, 2010

Big Resistance, Break Or Resist

Price is still struggling to break out of the rising channel. And it is possible that there will be another fake breakout to complete a minor wave ii. I've added an alternative count which counts the internal structure a little bit different because it's not very clear. If this is the case, then wave 3 is smaller than wave 1, so wave 5 has to be shorter than wave 3, else wave 3 would be the shortest wave and this is not allowed.

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