@ 4 PM
The most bearish interpretation would be for minuette i to be the truncated Minute 5.
I think it is unlikely, because the waves down from there don't look impulsive.
It is difficult to say if minuette ii is indeed over, or we are having a combination correction for minuette ii. Will leave the labels as if expecting the wave (iii) up for now.
The most bearish interpretation would be for minuette i to be the truncated Minute 5.
I think it is unlikely, because the waves down from there don't look impulsive.
It is difficult to say if minuette ii is indeed over, or we are having a combination correction for minuette ii. Will leave the labels as if expecting the wave (iii) up for now.
No need to rush to a conclusion. We can wait till Monday.
@ 12 Noon
That is an abc wave ii. The size of this wave down, increases the odds of a 5-wave Minute 5 against an abc Minute 5.
GLD and SLV appear to be breaking out of their triangle.
[ Update @ 1 PM, SLV is still stuck inside the triangle.]
[ Update @ 1 PM, SLV is still stuck inside the triangle.]
everything under the big 2 wave high at 1360 is subordinate to it in my opinion - unless proven otherwise...tough counting as of late!
ReplyDeletehttp://jeffreygtc.blogspot.com/2011/05/friday-may-20th.html