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wsbza

Bullish Triangle ???

Long
AIR NEW ZEALAND LIMITED (ASX:AIZ)  
wsbza Updated   
ASX:AIZ   AIR NEW ZEALAND LIMITED
Wave Analysis Elliott Wave Triangle
3
0
waveanalysis elliottwaves triangle
it pimply looks like a triangle after impulse

Comment:
maybe the triangle only represents sub wave B of a Zigzag
snapshot
Comment:
my preferred wave count suggests wave c of (iv) , so i am expecting c=a or 0.618a
if c=1.618a then i may have to change the overall structure
snapshot
Comment:
snapshot
wave (iv) done?
Comment:
a solid daily close above the yellow trend line would suggest wave (v) is under way
snapshot
Comment:
looks like a lower degree triangle
snapshot
Comment:
maybe wave (v) is done
Comment:
otherwise the recent top could be i of (v), but we need to see price push above 3.15 first
Comment:
'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'


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