A diferent long term view. Mine, not Filipe's. The weekly MACD is still red...
Still a possible H&S trap. Be carefull
we should expect a retrace to 1340 and a "hold" if the H&S is true
good luck
PS: i'll be out till 09/05
we had a "H&S trap".
We need to see 5 waves from 1294 to rule out the truncation 5 or the abc down for a large C (Alternative count in blue).
another alternative (not on this chart) in that a 5 waves up from 1294 will finish C wave for a final Z wave from 1007. This cenario coul bring a "inverted H&S trap".
Good luck
not much to add
good luck
H&S or inverted one?
for now i'll keep the 1-2 count
Good Luck
Alternative count to Filipe ending diagonal (not sure if wave one was a leading diagonal).
Red is the primary one ;) and blue secundary.
Against the red one, is the fact that futures didn't made new high in 08/04, like did cash. So, it may turn out to be an abc down.
The INDU did hit a new high, for that reason i'm considering a possibility of a truncation
Good luck
PS: We don't need no IMF
We don't need no thought control... lala lala-la la-la-lala
For now, i'm counting this move since last summer as a double ZZ
Last call was completely wrong, and the movement from last month was very hard to do.
I expect more clear signs to put a confident count
Good luck
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