Post
Topic
Board Speculation
Re: Critical Levels - EW analysis
by
chessnut
on 08/10/2014, 20:00:34 UTC
False breakout or...?

..... It looks like a iv rising wedge, the impulsive behaviour is diverging which is not consistent with a hypothetical wave iii breakout. the price must stay under 360, and should not register any further highs before wave v comes. If we break a new high today above 354 then I would say yes breakout and buy.