pride goeth before a fall
pride goeth before a fall
pride goeth before a fall!
OK now that I got that out of my system, check out what the last big peak looked like: it finished with a big expanding triangle (4th wave obviously) and then put in that tight little double top. Be sure to click on the picture to get the full size.
In fact many of the various sized pullbacks have extremely similar looking peaks.
We are now clearly in wave 5 throwover territory. We could go even further into it but a break below that up-trending orange line is very likely to cause panic to spread within the herd.
No comments:
Post a Comment