There is an abc upward in progress. The triangle wave b is now in it's internal e wave, the last prior to breakout. Order in shorting SP futures at 1178
Okay, I think I see now... You're talking an ABC correction from YESTERDAY's low where the first leg of the B wave triangle made this morning's low, slightly lower than yesterday's low, so a running triangle, right?
pima As per the posted charts you can redraw the bottom line on the DJ futures to connect the 2 latest lows instead of using the low from this morning. This would allow the triangle to viewed bullish instead of bearish.
Okay, I think I see now... You're talking an ABC correction from YESTERDAY's low where the first leg of the B wave triangle made this morning's low, slightly lower than yesterday's low, so a running triangle, right?
ReplyDeletepima
ReplyDeleteAs per the posted charts you can redraw the bottom line on the DJ futures to connect the 2 latest lows instead of using the low from this morning. This would allow the triangle to viewed bullish instead of bearish.