The Best Strategy using ELLIOT WAVE for Understanding Price Movement, Money Management and Emotional Control in Stock Market designed for "TRADING FOR A LIVING.
Monday, May 10, 2010
MEDC - INVERTED HEAD & SHOULDERS + SYMMETRICAL TRIANGLE
MEDC AFTER FORMING PATTERN INVERTED HEAD & SHOULDERS, CURRENTLY POSITION IS IN THE MIDLLE OF PATTERN SYMMETRICAL TRIANGLE WITH SUPPORT 2725 NECKLINE BREAKOUT.
2 WHITE ARROWS SHOWN IN THE CHART: *IF THE ARROW BREAKS UP, MEDC WILL GO DIRECTLY TO OUR TARGETS 3200 & 3400. *IF THE ARROW BREAKS DOWN, MEDC WILL CONTINUE ITS CORRECTION TO LEVEL 2550-2600 FIRST BEFORE REACHING OUR TARGETS.