The last rally looks like a 3 wave pattern to me. Either an expanded triangle or expanded flat seem like good possibilities. It's still a bit early to be sure and it's too risky for me to trade this setup. Best thing to do is wait for clarity...
I was born on July 20th 1983. I have been trading since 2007 and using Elliott Wave analysis since 2008. I also use trendlines, fibonaci, candlesticks and various indicators to determine a future direction of price.
No comments:
Post a Comment