"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)

Wednesday, August 1, 2012

SPX - Waiting for subminuette wave 5

I think Elliott wave 4 is finished. Where the 5 could reach?
If it is not a truncated, up to 1415-1422. And after? First, we must see how the market come there, and after we see that.
Possible an intraday trade long , even if risky (tight stop)
Have a great trading day...with care!

Penso che l'onda 4 sia finita. dove potrebbe arrivare la 5?
Se non è una truncated, fino a 1415-1422.
E dopo? Prima bisogna vedere come arriva là e dopo vediamo.
Possibile una micro operazione long intraday, anche se rischiosa (stop stretto)

Buon trading...e prudenza!

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