Quote from: Han on August 03, 2015, 12:25:11 AM

Quote from: masterluc on August 02, 2015, 05:30:24 PM

20 days and/or more than 50% of cup only may harm bullish c&h figure.

Long term downtrend has been broken - that is my main point. Even if c&h will fail, I think we may see only prolonged sideways action what I call silence phase.

Only move below 210 may seriously harm bullish outlook. Weekly picture is pretty bullish so far. Or at least it is not bearish.

How did you arrive at the 210 figure Luc? I thought closing and staying below the weekly 20sma (around 250 now) would start the long term bear, at least from what I remember of waveaddict's analysis

That was the consolidation lows (Higher low) after the initial spike to $315 off the bottom. So while we are making higher lows and higher highs, he remains bullish.