Elo, looked up the wolfe wave, see your chart, how well or often does that work out, 50%, 70%,.90%, just a ballpark opinion guess?
..... let's see if it can keep going.... .... if not..... very bullish.....needs to keep breaking down ..... ..... a full break down and recovery could be forming a big ascending triangle below 1390 for ACCUMULATION Quote from elovemer: ....possible wolfe wave and 3 drives..... .... possible bearish scenario if it fails .... .... target would be gap fill and higher low....
Interesting Ratio's today going to the high of 1389... (note the fibs 13 & 89 ) 1.414 root 2 hamonics on the 3 drives
.... this does not seem like any break down to me ...... watching for next formation for next push up ..... today was supposed to be high first then low second.... .... being a tuesday...maybe this is what resulted in a small range ... tomorrow should be low first and high second.... ....with a lot of forces at work next week... opex should be wild and set up a great opportunity... like the last one did