Other counts are possible here but this is now my primary. This model expects the 50 fib to hold. If it cannot, revert back to the backlink model as primary.
Friday, December 25, 2015
[WDC] update
At the backlink I was looking for one leg lower before a good bounce could occur but at this point I am also considering the modified count below because WDC has been trading like a commodity and commodities might have just bottomed. Additionally, the monthly chart has just pulled back to the 50 fib which is a logical support spot even if the chart will eventually go lower. Nothing goes straight up or down and WDC is overdue for a bounce.
Other counts are possible here but this is now my primary. This model expects the 50 fib to hold. If it cannot, revert back to the backlink model as primary.
Other counts are possible here but this is now my primary. This model expects the 50 fib to hold. If it cannot, revert back to the backlink model as primary.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment