Trading the stock market based on its wave structures, either impulsive or corrective. This is based on Neo Wave Theory with especial attention to Rule4 Trading.
Thursday, June 21, 2012
LC - on corrective phase. As long as the price moves within the range near/above 1.38, the next impulse will be higher 1.68++. If it goes lower the next impulse may fail to breach 1.48.
I concur, Sir. Specifically, this correction could be a triangle wave-4 in the making. Careful with the "bearish" R-4d: could take LC down to 1.35. Nice chart and looks very familiar, he eh.
I concur, Sir. Specifically, this correction could be a triangle wave-4 in the making. Careful with the "bearish" R-4d: could take LC down to 1.35. Nice chart and looks very familiar, he eh.
ReplyDeleteI agree, it may go lower than current 1.38 price.
ReplyDelete