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here's a potential wave count and for those who don't normally follow elliott waves, here's a means of using indicators such as the RSI and the MACD and STOCHs to help with the count on a 5 min chart.
or have GET which does it for you...
alphahorn - very nice chart! though might need a little more downage still to complete
Thanks for the informative post - good to put in the educational section.
Tough to say whether wave 3 is extending or wave 5 - only time will tell but better to remain defensive until one gets a clear reversal signal.
Thanks again - love to view those posts.
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Potential wave count
Posted by alphahorn on 16th of Jun 2009 at 02:17 pm
here's a potential wave count and for those who don't normally follow elliott waves, here's a means of using indicators such as the RSI and the MACD and STOCHs to help with the count on a 5 min chart.
Yep...nice
Posted by ravun on 16th of Jun 2009 at 02:38 pm
or have GET which does it for you...
alphahorn - very nice chart! though
Posted by matt on 16th of Jun 2009 at 02:24 pm
alphahorn - very nice chart! though might need a little more downage still to complete
Thanks for the informative post
Posted by dodgerdog on 16th of Jun 2009 at 02:21 pm
Thanks for the informative post - good to put in the educational section.
Tough to say whether wave 3 is extending or wave 5 - only time will tell but better to remain defensive until one gets a clear reversal signal.
Thanks again - love to view those posts.