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July 28th, 2014: WEAT Wave Count Update

Posted by pugsma on July 28, 2014

4:40 pm EST:  WEAT may have found the P2 bottom at 12.67, just have the 88% fib retrace of P1 at 12.13.  WEAT will need to clear the 15.61 level to confirm the P2 bottom is in place.  If P2 heads lower than 12.67, then it must remain above the Cycle low of 10.25 from the year 2010 or the entire wave count will need to be scrapped.

WEAT 60-min chart (EOD):
PUG WEAT 60-min chart EOD 7-28-14

WEAT 4-hr chart (EOD):

PUG WEAT 4-hr chart EOD 7-28-14

WEAT weekly chart (EOD):

PUG WEAT weekly chart EOD 7-28-14

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