Quote:
Originally Posted by italm31
Hey guys,
Yesterday, I was looking for a top in the Swissie. Since then, I do see 5 down from the top but the decent does not have the look o an impulse so Im little weiry of declaring it a top. Im sticking to my guns here but if we go any higher, I will let my position go and stand until we have clearer direction.
One thing worth mentioning here is correction I have pegged as a double zigzag looks to short in time to be a wave 2. I like to see wave 2s to be at least 62% the time it takes for wave 1s to complete. This one is barely a quarter of the time. Also the pace of wave 2 is way more swift giving it a much more impulsive look. Another indication this probably is not the top.
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Here is another possibility for the bear count which should this be a top, I prefer than the later.
