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Fifth started *PIC*
By:charleydan
Date: Thursday, 24 April 2008, 9:20 pm
In Response To: Corrections, Corrections. *PIC* (charleydan)

Fifth waves are not always impulsive in appearance.

First I mentioned that fourth wave corrections take almost as long as as the whole impulsive wave. It came two bars early.

This is the channel. Looking for 2.382 @ 1414.50 as an general target. But with the deep retracemnet, the fifth may become an failure wave.

If the head and shoulders means anything. It points to 1410.

I look for trend line to hold here to go again higher. That lower trendline in yellow. When broken it will be confirmation the uptrend is over.

Messages In This Thread

Corrections, Corrections. *PIC*
charleydan -- Wednesday, 23 April 2008, 8:19 pm
Fifth started *PIC*
charleydan -- Thursday, 24 April 2008, 9:20 pm
Re: Fifth started *PIC*
charleydan -- Friday, 25 April 2008, 8:55 am