INTRADAY CHART
19th February:
The decline has developed a little deeper than expectedand wihtin Wave iii I feel we should now see this at the 298.4% projection at 29.46. With Wave ii around 76.4% we should see Wave iv stall by the 23.6% retracement (around 30.03) for losses in Wave v that should reach the 50% projection at 28.72 at least.
Only an earlier break above the pivot resistance at 30.75-85 would cause some concern...
RATIO TABLE
Good trading
Ian Copsey
19th February:
RATIO TABLE
Ian Copsey
thank you Ian for the chart and the ratio table.its helping me greatly to get a grip on measuring waves and understanding your wave counting style.
ReplyDeletenice contracting triangle.it was very difficult for me to see a C triangle there! i'd take it as a,b or a 1,2...