Saturday, January 17, 2015

Weekend Update - Jan 17, 2015: Contracting Triangle since Oct low.

The concept of "Success" and "Failure" is instrumental to the functioning of wave-analysis.

One of the five tenets to proper wave analysis I've mentioned  is "post pattern behavior". The required behavior after a pattern depends on whether the pattern succeeds or fails. 

This is my analysis of what I believe to be a contracting triangle  in progress since the Oct 15 low.

Charts below