so now we should be going higher... What drives me to that conclusion is that if an expaned flat was forming (as a b wave) then the c was already > 200% of a... this is not correct and invalidates (imho) the bearish count...
Another thing we should notice is that the previous two times (since summer of 2010) the same pattern took place (an a-b-c with the c being kind of small, usually less than 61,8% of a)... That is constitent with a bear trap, and you should be very flexible if you are a bear at that moment, 'cos if the same pattern happens again then higher prices is what should be expected...
Another thing we should notice is that the previous two times (since summer of 2010) the same pattern took place (an a-b-c with the c being kind of small, usually less than 61,8% of a)... That is constitent with a bear trap, and you should be very flexible if you are a bear at that moment, 'cos if the same pattern happens again then higher prices is what should be expected...
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