Express Futures

Return to Index Previous Next

Friends and Traders Discussion Forum

failure fifth *PIC*
By:charleydan
Date: Monday, 28 April 2008, 9:42 pm

I sure was looking for more.
Failure fifth came up and that is all folks.
Time to go south in an -12345- pattern.

The fifth wave showed breaking trend line before making final fifth wave and the correction covered the distance of the fifth wave in the same amount or less time then it took to create the fifth wave. Another confirmation would be crossing the -c- wave @ 1383. As far as I am concerned enough evidence has already been produced.

Failure fifth waves are defined as an wave that does not go greater width then the fourth wave. I take Neely's definition over Pretcher.

First target is 3.382 @ 1392.25

Form an -1-2- and the two wave should be made with an -abc- pattern and 618% retracement.

sillywaves
charleydan