Odd Place For A 3 Drive Potential . . . ?
As I recall, and I should probably reread the notes, a 3 drive pattern is
considered a trend change pattern more than a trend continuation pattern.
So it seems an odd place to find a 3 drive, since the larger degree indicates
this is possibly a 4th wave, or A Wave, maybe even a 2nd wave, a b wave ?
Just don't see where it's a 1 a 3 or a 5 wave impulse.
Thus, as a corrective wave it would suggest some kind of downside.
If this holds up resistance starts about 91.00 and gets serious at 91.50/70
which is where I'll be looking for a low risk entry.
Actually I expect this to fall apart but, just in case, I'm ready with a plan.
If this is a 3 drive I'm looking for big profit targets as it should retrace all
of the previous up move.
Now all I need is the patents of the biblical Job ~~~~~
considered a trend change pattern more than a trend continuation pattern.
So it seems an odd place to find a 3 drive, since the larger degree indicates
this is possibly a 4th wave, or A Wave, maybe even a 2nd wave, a b wave ?
Just don't see where it's a 1 a 3 or a 5 wave impulse.
Thus, as a corrective wave it would suggest some kind of downside.
If this holds up resistance starts about 91.00 and gets serious at 91.50/70
which is where I'll be looking for a low risk entry.
Actually I expect this to fall apart but, just in case, I'm ready with a plan.
If this is a 3 drive I'm looking for big profit targets as it should retrace all
of the previous up move.
Now all I need is the patents of the biblical Job ~~~~~