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Wave -C- is what needs to happen an so look again for an -1-2- pattern to enter on. I got a couple today, but gave up when it cracked the fourth wave.
Notice one thing on this chart. The blue box pattern. That is about the fourth time I have seen that wave pattern. I labeled the -1- on previous chart and the consolidation above would be wave four. But the market creates a -abc-=A-B-C. pattern. It is flat simple wave.
The market could not reach an new high on this last one so good chance it is over for climbing slowly.
Still looking for captain hook. Thought I had him, then an whatever correction. Should get him on the next one for a decent trade. Of course the lower channel has moved up quite a ways thru all of this and limits our area to trade south.
sillywaves
charleydan
