Elliot waves 23-5-2016

2016年5月21日

as we can see on the chart the price formed a wedge pattern which is the wave (iv) in the wave (III) exactly the price making the wave c last wave of the orange (iv) generally it will be exact the same as last wave orange (ii) so suppose to reach 1250 maximum then start to make the last wave (v) which will be a loong way down same size as wave orange (i) the whole formation we have in the blue wave (III) is 5-3-5-3-5 it easy but hard to break 1200 just like that so wave iv orange could be twice the time of the orange wave ii

Buy stop @ 1235 tp 1250
Sell limit @ 1250 tp 1115
Sell stop @ 1195 tp 1115

Good Luck