Support and Resistance Trading Forum

Re: Markets---Oil *PIC*
By:charleydan
Date: 7/17/2009, 9:40 pm
In Response To: Markets----Dollar *PIC* (charleydan)

Trying to form a wave four--and wave fours have as many patterns as most people have in underwear. A pattern for everyday of the week.

Wave four is complete at the black line @64.9. In principle it has already hit sufficient height. The pattern is not complete though.

I prefer 50% retracement for fourth waves. The majority of them do it. I would use that as a basis when wave four is over. Other wise trade this with daily swings in this and that direction as a whole.

Responses To This Message

Re: Markets---Gold--Tbonds *PIC*
charleydan -- 7/17/2009, 9:48 pm
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