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Re: trader53 post# 6860

Wednesday, 07/16/2014 1:42:31 PM

Wednesday, July 16, 2014 1:42:31 PM

Post# of 9188
USTC - Elliott Wave Basics

From 0.0014, down to 0.0005,
USTC has completed Waves A and B,
and is now ready to enter Wave C



Elliott Wave Basics

http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory#elliott_wave_basics

These 8-wave charts show two larger degree waves (I and II)
as well as the lesser degree waves within these larger degree waves.

Waves 1-2-3-4-5 are one lesser degree than Wave I.

By extension, Wave I is one larger degree
than Waves 1-2-3-4-5.


Waves a-b-c are one lesser degree than Wave II.





From the 0.0042 High, down to the 0.0004 Low,
USTC completes the 5-Wave Decline Sequence,
setting-up Waves A and B




Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y