Probably the down swing, which began in 04/26/2010 will not last for 34 trading days but more likely for 55, will see.The daily chart below shows my primary pattern, which tends to be formed next weeks. (in my favor:-)
The chart below shows the primary labeling, which differs a little since my last update. I left the impulse five as an alt. count this time, because I am not so sure. I've got some different signals, but nothing is decided yet. It depends very much on Monday and Tuesday. The price could continue toward to 6300, but only if the battle zone between the thick red lines is overcame by the bulls. 6300 is100% of potential A wave of a zig-zag, and [b] wave of a potential triangle.
If the red zone resists, then we could find another previous lows (5605) test.
Have a nice weekend !
1 comment:
Hi PM.
Who are you.
Nice chart here nice stuff
Hi traders,
My thought for tuesday.
Test EMA200 and close below friday close. Wasn`t a good close but bears need to close hourly below 1077.
Key suport short-term range [1077,1082]. Close below 1077 expect 1065 possible extension to 1050.
Stochastic overbought conditions Rsi testing lower band neutral zone.
Blue Trendline tuesday (15/06) sitting 1098.05
Resistance Key area [1100,1106].
Resistance Key level 1115 reversal trend short-term
Key level dowside 1077
Chart here http://3.bp.blogspot.com/_MJqKtyMMr28/TBaTSqkDE...
Chart 2 http://4.bp.blogspot.com/_MJqKtyMMr28/TBaTpcSQI...
All update here with last weekly and monthly thought
http://followmarketrend.blogspot.com/2010/06/sp...
Have a nice week and good luck for tuesday.
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