AKE Chart, page-776

Both PLS & AKE have formed bullish candle patterns as of today's trading. It would be reasonable to expect a rise on Monday. A cautionary note, since both charts appear to be in Wave 4 corrections, it would be prudent to assume they will follow the standard model of an A-B-C correction wave format. Assuming a rise in both commences Monday, Today would represent the completion of the A subwave, and B (the uplift) would commence now. That means that B is unlikely to represent a full recovery of the original price at the start of the wave, but should run for a few days at least. Wave C (the next down leg) would normally be expected to go lower than wave A, although wave A went so low that there really isn't much room left if we are going to get a wave 5. Wave A should have been no more than 50% of wave 3, but clearly went to 61% (PLS) and almost 100% (AKE).
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