The setback from the recent 1221 high is now taking on the form of what I believe is an Elliott wave 4 correction and not just a small reaction within the uptrend.
- Redazione Lombardreport.com
- 02/05/2012 15:34 /
If we are indeed witnessing a wave 4 correction, then I would expect prices to work their way down to the area of 1171 to 1166.