Dec 28th, 2009: EOD Charts
Posted by pugsma on December 29, 2009
Looks like an end of day back-test of the broken rising wedge. I’d expect more weakeness to follow today’s price action in a complex corrective wave (4) down to the 1115 to 1119 area. The 1115 area would be a back-test of the large ascending triangle break-out point. Also, the ending diagonal deep wave (4) correction to the 1103 to 1105 area is also still on the table.
1-min Chart:
15-min Chart:
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