Dear All,
We gave following update on ........17 July http://abhaymehrotra.blogspot.in/2013/07/triangle-thrust-waiting-in-crude.html
and on 18 July given following Update .......http://abhaymehrotra.blogspot.in/2013/07/triangle-thrust-waiting-in-crude-part-2.html
We were expecting wave D to go up followed by E wave down ...but price break away A starting point ........though our direction was right on Trade ......but labeling seems to be " Wrong " as per price action that Followed.
Kindly chk chart
Wave 3 did 223% Ext
We gave following update on ........17 July http://abhaymehrotra.blogspot.in/2013/07/triangle-thrust-waiting-in-crude.html
and on 18 July given following Update .......http://abhaymehrotra.blogspot.in/2013/07/triangle-thrust-waiting-in-crude-part-2.html
We were expecting wave D to go up followed by E wave down ...but price break away A starting point ........though our direction was right on Trade ......but labeling seems to be " Wrong " as per price action that Followed.
Kindly chk chart
Wave 3 did 223% Ext
Wave 4 did 38.2% ret
This might be the wave count after price action
One More Possibility can be of of Irregular 4
But Given momentum this possibility have slim
chances
Thanks & Regards
Abhay Mehrotra
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