Saturday, April 20, 2013 9:22:42 PM
2B Dragon with 3xD, wedging with BZ target.
Its anybody's guess whether wave 5 has been put in at the dragon's feet or if its
only wave 3 with more down to come next week...
(more guessing below the chart)
We shall see if price consolidates here, under the dragon's "Hump" level of 14500 to form its "head"...
Perhaps it'll do this in Sunday's and Monday's sessions.
Then, if it runs up to the BZ at 14600 or so and meets resistance, I'll consider 14600 to be the neckline
of an inverse H&S...from there I'll be looking for the RH shoulder to develop around ~14500 before any run up resumes...up to the best case "Top of the Tail" target of around 14700...
All bets are off if the red 30 WMA continues to turn price away and 14400 doesn't hold.
Hows that for prediction postulations, LOL?
How often does price action get predicted with that amount of detail...and turn out to be right?
Its anybody's guess whether wave 5 has been put in at the dragon's feet or if its
only wave 3 with more down to come next week...
(more guessing below the chart)
We shall see if price consolidates here, under the dragon's "Hump" level of 14500 to form its "head"...
Perhaps it'll do this in Sunday's and Monday's sessions.
Then, if it runs up to the BZ at 14600 or so and meets resistance, I'll consider 14600 to be the neckline
of an inverse H&S...from there I'll be looking for the RH shoulder to develop around ~14500 before any run up resumes...up to the best case "Top of the Tail" target of around 14700...
All bets are off if the red 30 WMA continues to turn price away and 14400 doesn't hold.
Hows that for prediction postulations, LOL?
How often does price action get predicted with that amount of detail...and turn out to be right?
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