Tuesday, February 3, 2015

EOD Update - Feb 3, 2015: Higher than expected

The pattern has morphed from a H&S to an Expanding Triangle because wave (E) is largest.

But my overall assessment is unchanged. It will take a break of the ATH to convince me otherwise.

Alternatively, I would also consider this overall scenario being wrong *IF* price held above 2065 past the end of Feb.

Charts below.

slight error: (c) should be at the high just before the one shown, on Jan 23