60 Day 30 minute candle Qs Ellitot Wave Anaylsis July 20th 2006
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60 Day 30 minute candle Qs Ellitot Wave Anaylsis July 20th 2006, originally uploaded by Gare and Kitty.
In this chart we can see that the Qs have broken the trendline from my proposed elliot wave analysis. At this point I’m not sure what to expect. I’m not certain that my count has been correct, but if it is, I would expect the next A wave to provide a significant upswing over the next week or so. It will be interesting to see if the Qs bounc off the trendline as support today. Yesterday they bounced of it as resistance.