possible scenarios - may have one more move down, however I am only looking for the buys. Pretty much obvious in the chart as to my thoughts.. if you understand wave theory - impulse - correction - impulse - then you know I am seeing this down move as corrective and looking for the next up impulse (yellow would be nice) but will take the blue up to trendline and manage stops on the way in the 60 and 15 time frames.
Happy Trading!
Happy Trading!
Komen:
Hope you got the buys and are smiling here at the top -- very nice one yeah! ok.. now we are getting to the top .. will we break? .. or more downside in the corrective structure.. good one to watch now. stops should be moved and begin to look for possible downside..
Komen:
channel is broken.. looking to sell soon now
