Friday, July 19, 2013

Crude Elliot wave Analysis :Crude Triangle Exploded On Upside !!!!!!!!!

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



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



No comments:

Post a Comment

Note: Only a member of this blog may post a comment.