monday update, page-26

Mongo

I wouldn't worry too much about the trend line, mainly because it has really only had 2 touches before now.

You really need 3 so if we pull back (big IF) then I would redraw to include whatever top we make here as the better line.

My man Ferrera of course is saying the main decline starts about Dec 6 so even though I had a bit of fun with 50% in time/price and 17, dunno.

The moves up from Nov 5 or earlier look like a new leg on some markets and just part of the second leg on others!

This last more now seems to past the correction ABC pattern and into a little 5th, an impulse move.

Is it then a small leg completing or just 1 of 3, if you know what I mean.