Chart Update

We can now see a reversal hammer on the 30 min chart. Also, on a 5 min chart there is a clear 5 waves down for wave [v] (of course it could only be wave (i) of [v]), but we should see at the least a bounce, and possibly the end of intermediate wave (4) here.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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