Replies to post #3310 on °¿°

[rayrohn]

IMO there is a possibility that OEX does a abcxabc

I not sure if the X wave is done and the whole pattern is a guess on my part ....

we are in a corrective wave IMO so all 5 wave would either be a {a c or x y z wave ...}




here a chart of the fib construction of wave pattern complexity



the chart is taken from Frost and Prechter's "Elliott Wave Principles" book

[Myself °¿°]

I would like to see oex close on the highs

oex fell hard yesterday but did not give anyone a chance to trade in or out of the gap.
This leads me to believe the gap is not a buy next time it's visited.