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Thursday, August 25, 2011

MT - Wave 2 in progress

MT - 30 min Candlesticks:


Sticking to the bullish count for now.
Drilling into the 30minute chart.
A mini 5 waves can be traced. For now I will labelled it as Wave1.



Fibo level/price :
50% = $20.15,
38.2% = $19.95 [Critical as its top of the mini wave 1]


For the bullish count to work, $19.95 must hold.





via StockCharts.com


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