Thursday, October 11, 2012

Ascending-Descending Triangle as wave B

The wave B retracement isn't enough and has invalidated my prediction for 50% retracement.

I believed it should 50% retracement since previous major correction was Exactly 50% retracement, after the up-trend was started.

Surely this white wave B  is triangle, but yet it hasn't retraced even 38.2%, as in book of Robert balan, a retracement that failed to go beyond 38.2% suggest a pent-up, underling strength! ( as previous post suggest any triangle leads destruction in other-side, according to time it has done it work in 50% of time retracement for wave B but not in retracement it self, however it was expanding diagonal according to my count )

Thus for me, it again comes to c=a or c=1.618.....
And the validity of my 'count'..

Bit exciting

These are substitutions of Elliott patterns

White wave A = a = double zigzag + double irregualrs + double zigzag
                       + b = double zigzag
                       + c = expanding diagonal

   White wave B =  triangle

White wave C = ( surely something but ''up'')






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