Pages

Thursday, April 17, 2014

Ura

 The 60 minute time frame bounced off of the square Nine crossover of 16.01,it also has an abc-X-abc completed pattern.
  It is very possible that I have the wave count incorrect because a wave III/IV likes to retrace to the 50% Fib level of a a/b wave.
That would make the wave I top at the Red dotted line on the Daily chart.

The beginning wave could have been a Expanded Flat albeit having an efc wave come up short on retrace. (ill-regular triangle).
  I posted I would sell @ the 16.33 but waited an gave the 16.00 cross over a chance to work,but that's about all I would allow because the bullish structure would be breaking down.

The main reason I've Been holding and giving this the benefit of the doubt is because I am looking for Longer Term
Trades in an Higher Tax environment.
Buying and selling with too much frequency
justs hands Gains over to the IRS and
your Brokers.
Click Chart to enlarge

No comments:

Post a Comment