Cycle dates come in as 3-6th of Oct. for a bottom. Next cycle date comes in on the 10 and 21st of Oct. We do not however know whether these dates are tops or bottoms of a CIT.
MT: DOWN
ST: UP
PA: NA
Friday, 3 October 2014
3 Oct 2014
We have removed the previous days EW analysis as prices moved higher today. The bullish implications are getting more and more convincing due to the patterns evolving the last week. The current pattern seems to show a 3-wave decline for a corrective call. If the Bears were to hold to their conviction that there are more downside to come, next week is the do or die since a bearish scenario can only explain the overlapping decline as sub-waves of a larger 1st wave decline (1-2, I-II, i-ii). For now I will label it as I see it (as an abc).
Cycle dates come in as 3-6th of Oct. for a bottom. Next cycle date comes in on the 10 and 21st of Oct. We do not however know whether these dates are tops or bottoms of a CIT.
MT: DOWN
ST: UP
PA: NA
Cycle dates come in as 3-6th of Oct. for a bottom. Next cycle date comes in on the 10 and 21st of Oct. We do not however know whether these dates are tops or bottoms of a CIT.
MT: DOWN
ST: UP
PA: NA
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