Friday, March 6, 2015

[$TNX.X] update

In the backlink I had two models.  Neither seems to be playing out exactly but the wave action since then did not give me confidence that the blue path is in play so I think we have a flat correction (3-3-5) in progress.



Likely bottoming points are the usual suspects.  I've expanded the red path above in the snapshot below.  The length of red C is not as important to the correctness of this model as the fact that it should be 5 waves.  Note that this snapshot is zoomed in a bit compared to the one above.


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