PSEi EW by EW Cute Master Chanerm

June 26, 2013 at 1:31 pm Leave a comment

siyempre, as mentioned before, counting the end of a 5th wave is a stinker….

but 9 swings equals an impulse count, and so long as we don’t break down further below that channel, we may see the relief rally starting in the next few days…

point 6 is most likely the 4th wave of one lesser degree (meaning the 4th of the 3rd wave of this decline), hence that’s the obvious extreme of 2 targets, the first target to overcome is point 8 (aside from breaking the downtrend resistance line of the channel)

its probably a fibo point too, they usually are… (in this case, close to .707 or sqrt of 0.5)

^PSEI_2013-0625 4mths ewcount

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Entry filed under: Phisix's Closet (PSEi).

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