Go pro stock looks like we may get a push back toward 55-56… to the prior 4th wave in some sort of a zig zag for the 4th wave…currently taking a long position here…as the risk reward is a little over 10-1.
Thursday, March 12, 2015
Monday, March 9, 2015
Natural gas…1,2 1,2 is no more…
After the gap down today natural gas is looking more and more like this is either a 4th wave triangle of the c leg or a possible contracting ending diagonal 5th wave . If it is in fact the latter then it would target around 2.47 to complete the c wave of C with the d wave and the e wave to come testing the old lows of 191-2.00. To invalidate this count a break over 3.03 would be needed.
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