re: correction/ elliot waving cr8 Hi CR8 gee you can...

re: correction/ elliot waving cr8

Hi CR8 gee you can pickem..lol


Gday mate sorry about the delay.

yes it did gap up and then retrace after open
the 27 has now confirmed as resistance again though
with this increase in momentum theres every chance
It will have another go.

As ragchewer said its just peaking on its first new elliot leg.. the fib confirms..

short term trailing stop can be taken from its current ascending wedge..up to you If you dont mind jumping of and on but Id use a very tight close below 2.5.

It may be a short term reversal but it also has an upper shadow today.
best wishes my friend
john