"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)


Wednesday, June 20, 2012

SPX - Confirmed uptrend

The wave 4 of subminuette degree is over (or is ending).
In my main scenario this upward correction is described as a wave c of minuette degree (zig-zag type) of wave w of minute degree.
Only the downward breakout of 1329.05 level denies this scenario (or the alternate) and requires a recount.
Have a great trading day...with care!




l'onda 4 di grado subminuette è finita (o sta finendo).
Prosegue il rialzo di struttura correttiva che nello scenario principale è qualificato come onda c minuette di zig-zag di onda w minute.
Solo la rottura al ribasso di 1329.05 nega questo scenario (o quello alternativo) e richiede un riconteggio.
Buon trading...e prudenza!



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