Sunday, March 13, 2011

TWSplnt (Wave D has not ended yet)


As I've posted, the wave d started with a fake break below from the trend line. Anyway, it is now undergoing the d-(b) wave. Wave e will start once d-(c) (mini bull wave) has ended.

YTLLand (Potential wave 5 - Bull wave)


The only thing we need to wait now is for the end of wave 4 (correction wave) - 4-c. Once it is ended, which means it needs to be slightly break below the end of 4-(a), the wave 5 will be started. Based on the history, before the wave 3 started, it gone through the similar process. On the other hand, from the MACD, we can see that the blue line is crossing up to form a bullish crossover.

Tuesday, March 1, 2011

TWSplnt (Wave d on its way)


For triangle formation, normally there are 5 waves - a,b,c,d,e then breakout above or below the triangle. Every wave, they will be splitted into 3 waves. (a),(b),(c). Now its entering wave d. This reason comes with stochastic indicator crossing up from the oversold region. Of course, there is another bullish reversal signal appeared - doji. Wait for confirmation.