Where Will B Complete . . . ???
From the top around 175 the correction since seems incomplete
and needs at least 1 more leg down. If I'm right it should be a
strong downside C leg for pretty good profit.
However, the completion of b seems rather elusive.
If b repeats itself and almost touches the .618 retracement that
expands the price range yet, to get there would make the time factor jive.
Thinking of the principal of alternation, perhaps, b will also subdivide
into an a-b triangle-c and complete at the .618 matching
time but not price range.
I'll keep an eye on the candlesticks and if we get near the fib
perhaps the structure will continue giving clues.
Where will b complete ?????
and needs at least 1 more leg down. If I'm right it should be a
strong downside C leg for pretty good profit.
However, the completion of b seems rather elusive.
If b repeats itself and almost touches the .618 retracement that
expands the price range yet, to get there would make the time factor jive.
Thinking of the principal of alternation, perhaps, b will also subdivide
into an a-b triangle-c and complete at the .618 matching
time but not price range.
I'll keep an eye on the candlesticks and if we get near the fib
perhaps the structure will continue giving clues.
Where will b complete ?????
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