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trader53

07/16/14 1:42 PM

#6861 RE: trader53 #6860

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



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trader53

07/16/14 2:11 PM

#6864 RE: trader53 #6860

USTC Bid 0.0005 / 9,688,100 _Ask 0.0006 / 20,127,100