Thursday, August 16, 2012

The start of up-side correction as zig-zags

This 4th wave has been containing zig-zag as majority.
This below picture is similar to when this 4th wave started, its double zig-zag as one making correction look like five wave impulse in bigger time frame..

5m chart showing two zig-zags below

Yellow a = expanding diagonal
Yellow b = double zig-zag
Yellow c = impulse
White X = zig-zag
Yellow a = Impulse
Yellow b = descending tri-angle,
Yellow c= double zig-zag

This overall white WXY should make just W or a.
They are surely a last phase for up-side.
I am looking for wave b to down-side around 1.230 to 1.23300 area..

It should be 50 percent retracement for wave B or wave X..

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