Favourably, I'm looking toward a potential of bearish reversal trend scenario in yellow. A valid "Head and Shoulder" pattern and a pullback from the Fib Ret 61.8% would bolster to this scenario. Otherwise, I believe we may see another bullish rally either refering to the alt counts in aqua or white. Good luck.
Thursday, April 12, 2012
Monday, April 2, 2012
Favourably, I believe market in progress to complete a "bull trap" pattern eithr refering to the alt counts in yellow or aqua. A pullback from aqua/yellow critical line or a false breakout would bolster to this scenario. Therefore, I'm looking for an opportunity toward a bearish retracement trend scenario to complete corrective wave c. Otherwise, please be careful for another extension of subwave v/5 in white. Good luck.