Friday, June 03, 2011
the larger scale wave movement
After opening a new high cost base, the momentum bull runs by gravity to the final jam. This often causes a dramatic three wave trend initiated at the congestion low. This attack can easily exceed initial price targets when converges with the larger scale wave movement. In other words, when forces in the daily and intraday charts move in synergy, trend movement will inevitably be more dramatic than expected.
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