"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)


Tuesday, May 21, 2013

SPX - Correction of minuette degree?

It's likely that the market has reached the top of minuette degree, labeled like wave [3] , close to the Fibonacci price projection 1.618 * [1] + [2] .
If so, according to rule of alternation, we should expect a fourth wave in form of zig-zag pattern because the second wave was running type.
Have a great trading day ... with care!

ElwaveSurfer



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