Double Bottom around $401. Also, its breaking the down trend, and looks like its on the 5th wave. Good short term 15-20 point trade..Just gotta catch the end of the 5th wave.
Is this the final 4 hour bar until we break that 500 mark?!
Lets see what happens. Have a feeling it'll be similar to the lines I have on there. Less is more. Simple is good.
Nice $20 gain if you timed the start of wave 3 correctly. Is it going to keep going or start the ABC wave?
A lot of ppl missed the count for 1-5 EW. From looking at the chart, you can see the correction "should" be starting somewhere here?
Depending on where the 2nd wave stops, might be a short term 1-5 EW forming.
Volume Down. Highs are down;Lows are higher. Hmmmmm.
Does this indicate anything? Im not a trader nor am I an analyst. I was just playing with the chart and saw this pattern come about.