I have benn watching the monthly charts for some time. I believe the monthly charts shows that we were in a large triangle that originated in March of 2000 and finished in 2011. It spanned a total of 5943 pts. If the E wave was finished at 4979 that would give us a target of 10922. We have only slightly gone beyond this.
What I believe I am showing you on this chart is the Final wave structure up from 4979 and this 5th wave came out of a triangle at approx 9400. Time will tell - but at least your risk to reward is tight. Going short and holding on to position. Stop at Invalidation. Position trade - not a scalp
What I believe I am showing you on this chart is the Final wave structure up from 4979 and this 5th wave came out of a triangle at approx 9400. Time will tell - but at least your risk to reward is tight. Going short and holding on to position. Stop at Invalidation. Position trade - not a scalp
