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Thursday, April 3, 2014

XCO...starting Harmonic wave count

 Here's a Weekly Chart of XCO, I got this one from a Cmt by the name of Jon Boorman off of twitter.This is the type of chart I Like at times like these. It has been in an downtrend since March 2011. Theres some cross overs happening on the weeklies,and I marked what I think will happen.











I started an Harmonic wave count working
the retraces and projections and found this
to be a COMPLEX wave structure.
Even the wave iii in the fuchsia color had to be reexamined after the close
and be readjusted. There were 5 waves on the 5 minute chart
from the small b in fuchsia color.I wanted
 to show this of how complicated a
structure can get and how the fractals
Need to be in Harmony with the Larger
Waves. This is just getting started and
the Complex Wave form is suggesting
that this will be a strong stock with
possible High Fib projections.

Thanks for taking the time to Read.

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