Elliott Wave Live: Elliott Wave Live: Mid Day Review for July 28, 2010

Wednesday, July 28, 2010

Elliott Wave Live: Mid Day Review for July 28, 2010

A Potential Area Of Interest

This is my current view of the market as well as the anticipated direction moving forward. If a w-x-y 4th wave correction completes as indicated, a potential trade setup may materialize where we have wave w=y at 1096 which is also located at the most common Fib retracement for 4th waves of .382. This also is where the previous breakout occurred at A (red). Should provide support and a high probability trade with minimal risk. Any trade above 1113 would most likely indicate that the correction was over.

Best of Trading

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Wednesday, July 28, 2010

Elliott Wave Live: Mid Day Review for July 28, 2010

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