2015年8月23日 星期日

Expecting an end of wave B

I am not surprised with some wrong expectations or entries since these are part of the trading game. What really surprises to me is the target & pattern I guessed on July 8th... Sometimes instinct is more accurate than logical thinking... Moreover, I still insist a corrective wave undergoing based on my assumption.

After the two scenarios of a retracement between 228-256 and a double bottom have been rejected, now the only possible one left is an expanded flat wave with wave B at an extension of wave A (228-256).

Actually, there are two possible targets for this turn, since they are really close (just about 1% apart), I personally prefer 216 than 213 due to a higher chance of occurrence of .764 from my observation.





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