One month later the daily picture doesn't change much. According to my Elliott Wave count we must be in 5th Minor of (1)st Intermediate of 3th Primary.
The price still moves in track and longer term bulls control the ball. Since early July 2010 the market has been following this bullish setup. We should see rising prices at least few more weeks. My expectations for Intermediate top are in the range between 1375 - 1393. Will the saying "Sell in May and go away" will stay valid this year....
In four hour chart I have included my Gann Angle Calculator, which is made in excel. It helps me to determine the support and resistance levels in advance as degrees, percent and price points.
Good Luck trading!!!
No comments:
Post a Comment