Thursday, March 31, 2011

Higher than expected

Price went higher than expected but did so in a corrective way. I still believe this is a bigger wave X we are in on the bigger timeframe. And since we started that wave X, we have had 2 corrective waves. This would give a 3-3-... structure. Now this can be followed by : -3 (complex double three), -5 (flat),or -3-3-3 (triangle).

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