TradingView
rubenthin
3 de Jul de 2015 11:48

Descending Wedge Corrective Move 

Descrição

Looks like this wedge may complete this leg:


Measured move from the first part of the ABC points to low 1530s.
But the wedge implies low 1550s.
Although on the same wedge on 8hr makes 1546 possible.

Bigger question is which leg does this complete?
Notes to which are in the chart.
Comentários
rubenthin
I guess the 1585 high qualifies as point B?
Any thoughts?
itsheng
The new 1595 as point B?
rubenthin
It seems to have impulsed now...potentially a wave up?

rubenthin
Wedge after wedge after wedge.
As per Trade_master_3000s post, looks like it faked or at least failed out
oldstout
Agree.
Mais