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Excerpt from www.elliottwaveanalyst.com - (For 22/08/2006)
There is a distinct possibility of triangular activity over the last few trading sessions, giving rise to an exciting trading opportunity. The trade is to go short if the market moves up on 22nd August, to reverse later and go below 3334. The stop loss will be the high made in the process. Tighter stops can only be put in place once the wave structure of the downmove is seen.
There is a distinct possibility of triangular activity over the last few trading sessions, giving rise to an exciting trading opportunity. The trade is to go short if the market moves up on 22nd August, to reverse later and go below 3334. The stop loss will be the high made in the process. Tighter stops can only be put in place once the wave structure of the downmove is seen.