I know most of the posters in this thread are fundamentalists. A...

I know most of the posters in this thread are fundamentalists. A couple of us have been following a chart so I thought I'd start a thread just for chart discussion. Mainly following the short term ups and downs along the way. If anyone else wants to post their charts please do.

CEB I've added another fork to the chart below. It makes it a bit messy but the blue fork might explain why price bounces around a bit on the way to the top orange. Notice we backtested the new red fork on monday.




This one shows price hitting the top of the Long Term trend channel. We've also completed the repeating range up from 2009. Price is forming a rising wedge so we may hit some resistance here and pull back. Not too concerned about a big correction yet as the volume is still low if you compare it to the parabolic move back in 2009. If I have my elliot wave count right on this one we are in wave 3 of wave 3. Please read the disclaimer at the bottom :-)




Cheers
Rhodes