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.
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.
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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