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I may at times discuss trades or trade setups, but this is meant to be purely a discussion point for entertainment and educational purposes only.

Tuesday, July 19, 2011

range-bound

Good morning everybody.  My post yesterday morning appears to have been right on track.  We appear to be range bound, probably carving out a triangle for (b).  I have dashed lines tentatively out there.  You can see we already appear to have an a-b-c up on the subminuette chart (lower), but the c wave in a triangle is normally complex, so think it's a bit early to call this up move complete.

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Notation


Wave DegreeMotiveCorrective
Grand Supercycle((I)) ((II)) ((III)) ((IV)) ((V))((a)) ((b)) ((c))
Supercycle(I) (II) (III) (IV) (V)(a) (b) (c)
CycleI II III IV Va b c
Primary((1)) ((2)) ((3)) ((4)) ((5))((A)) ((B)) ((C))
Intermediate(1) (2) (3) (4) (5)(A) (B) (C)
Minor1 2 3 4 5A B C
Minute((i)) ((ii)) ((iii)) ((iv)) ((v))((a)) ((b)) ((c))
Minuette(i) (ii) (iii) (iv) (v)(a) (b) (c)
Subminuettei ii iii iv va b c
Micro((1)) ((2)) ((3)) ((4)) ((5))((A)) ((B)) ((C))