Final impulse wave

Jan 14, 2017

correction has just completed around the 38.2% level- which is common for 4th waves, even more so when the 2nd wave corrects to the 61.8% level.

MACD is showing the same divergance now as it did in the 1st wave.

I hope this helps :)

Jan 14, 2017

Note

Looking at the 4H, we may see retest of the high before the break down or a rejection from the .618,either way id wait for the break and a flag to confirm the structure.

Jan 16, 2017

Note

The trend line was broken, now we looking at entering on a flag which will be the 2nd wave of the first wave.



helpful comments are always appreciated.

Jan 17, 2017

Note