Post by zuolun on Sept 17, 2014 11:59:43 GMT 7
Greenyield's chart pattern indicates that the major cheng kay is getting ready to run road liao...
One of the Elliott Wave rules stated that Wave-3 cannot be the shortest wave.
Usually for commodities, Wave-5 will be the longest wave; while for stocks, Wave-3 will be the longest wave and a minimum target for Wave-5 is 100% of Wave-1.
Greenyield — Ascending Broadening Wedge, crucial support @ 0.41
One of the Elliott Wave rules stated that Wave-3 cannot be the shortest wave.
- Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
- Rule 2: Wave 3 can never be the shortest of the three impulse waves.
- Rule 3: Wave 4 can never overlap Wave 1.
Usually for commodities, Wave-5 will be the longest wave; while for stocks, Wave-3 will be the longest wave and a minimum target for Wave-5 is 100% of Wave-1.
Greenyield — Ascending Broadening Wedge, crucial support @ 0.41