AI
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| Alias Born | 10/29/2007 |
Thursday, February 09, 2012 8:34:57 PM
I just wasn't sure. I've been fooled so many times by what looked like a new impulse series only to have it turn out to be some type of ABC correction.
Here's what I had so far on the first wave count and bounce. After that, I'm not sure because it came back up and retested the highs three times this morning before dropping. I figured getting out near the previous low was a good move.
I could be counting the first five wave sequence down incorrectly. That could be a large ABC movement.
If I'm totally wrong and this is the beginning of a new impulse series, there will be a larger Wave 2 ABC retrace later to get back in short again.
AU 15 Minute Chart...
Here's what I had so far on the first wave count and bounce. After that, I'm not sure because it came back up and retested the highs three times this morning before dropping. I figured getting out near the previous low was a good move.
I could be counting the first five wave sequence down incorrectly. That could be a large ABC movement.
If I'm totally wrong and this is the beginning of a new impulse series, there will be a larger Wave 2 ABC retrace later to get back in short again.
AU 15 Minute Chart...
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