Monday, October 25, 2010

DBS : $14.25 must hold for Bullish view to remain intact.



Near Term Price structure :
for the bullish view to hold
Price must not go below $14.25 which was the Wave 1 Peak.
If it does, elliot wave guideline would have been Invalidated.
Meaning the labelling of the chart is wrong.
However if it bounces off $14.25 then we will look for possible entry
and trading set up.

No comments:

Post a Comment