Wave C from 128,63 might already have topped with the test of 135,38 yesterday. As all requierments was fulfilled at that point. Wave C broke slighly above the top of wave A (134.98), so the expanded flat might be over. A break below 134.12 and more importantly 133.54 will confirm the top for the next decline towards at least 127.13.As long as 134.12 isn't broken to the downside, we could see one more new high towards 135.98.
I'm still pretty undecided if we have just seen an "X" wave or it was wave ii of 3 and wave iii of 3 down is about to begin. If the count I showed Tuesday is the correct count, then the "X" wave count would fit the picture better, but lets see what happens from here.
No comments:
Post a Comment