Wednesday, November 24, 2010

SPX Intermediate Count And Fibonacci Time



Another possibility not shown on the chart is a double zigzag correction. That is instead of 5 wave C, we may get a three wave Y. Which can make it a WXY correction instead of an ABC. I think WXY is a much lower probability outcome. But will have to be vigilant after the first three minute waves have unfolded.

No comments:

Post a Comment