SPX intraday update (Part 1)
Wednesday, April 20, 2011
SPX - by moguita - update
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
Subscribe to:
Posts (Atom)
