Prices has cruised down along the top line of the trend channel the past 14 days
Narrowing and eventually broke out of the triangle top.
Which put the 4th wave firmly in place.
There is a gap left by the jump from $35 much earlier.
There was an attempt to close the void In April but was not successful.
Can prices be bear enough to fill the gap this time with the final 5th wave
Of this trend channel ?
This blog is a journal of charts on ASX stocks in various point in time. You might find charts on Major forex pairs,Nasdaq and SGX stocks as well.It reflects the author personal view. Its neither advisory or invitation to trade. All done in the interest and passion for the market, trading, technical analysis and elliot wave. And to exchange view, opinions with traders worldwide. .
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Tuesday, May 24, 2011
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