Your wave 3 looks like wave 5 to me. I think wave 3 ended at $17
and wave 4 was a triangle that ended with the break down at $17. As
long as DZZ does not fall below $8.50ish the wave 5 count would
remain valid.
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Your wave 3 looks like
While the week's not over, here's a weekly DZZ chart ...
Posted by phillw on 25th of Nov 2009 at 01:42 pm
Your wave 3 looks like wave 5 to me. I think wave 3 ended at $17 and wave 4 was a triangle that ended with the break down at $17. As long as DZZ does not fall below $8.50ish the wave 5 count would remain valid.