Huraian
⋅ 200 ma, and FB 2.618 provides support.
Komen
⋅ Komen
⋅ Scrap the bullish option. V-1 coming up.
Komen
⋅ Added wave A = Wave C option
Komen
⋅ Wave C could be an extended 5-wave down. Wave A=Wave C very likely too.
Komen
⋅ A stronger than expected wave (iv) bounce. An iHnS patter developed. If this rally continues, EW might be invalidated. See price targets on chart.
Komen
⋅ Komen
⋅ With todays price action, I believe the bottom will be within the zone containing wave A = Wave C or the Feb 09 low.
An alternate is if the 200MA held. Then wave (iii) will be wave (iv) like the earlier update above.
Komen
⋅ Komen
⋅ Adjusted final price target to line up with strong support at the Wave a = Wave C, Wave a = 1.272 Wave C
Komen
⋅ Komen
⋅ Komen
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