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FarsightDodgy is the correct description of CMC charts.The ABC...

  1. voltaire
    17,444 Posts.
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    15/05/09
    17:31
    Post #: 5142891
    Farsight

    Dodgy is the correct description of CMC charts.

    The ABC from the Nov low was always going to be a candidate for a big 4th wave continuation pattern and many have seen it.

    I guess only taking out the US Jan highs seriously will eliminate that idea.

    I think these days, patterns are more likely as traps than good TA.

    Too many basic TA operators and probably more as the markets miander for some years.
    XJO Value at posting: 154.00
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    lightbulb Created with Sketch.  Great analysis
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