General Overviev for 08/12/2013
The anticipated Triangle formation breakout has been developing properly and now the fianl attack to new highs should be in play. The target area for main count is 16110 – 16337. If this highs are broken then the alternate count is in play and this one us slightly more bullish than the main one. It projects the Target Zone for wave 5 @ 16782 – 17154 (quite wilde).
Price has bounced from main channel upper line and as long as it stays within acceleration channel more high are in view.
16782 – 17154 – Alternate Target Zone Projection
16110 – 16337 – Main Target Zone Projection
15936 – Swing High
14957 – Technical Support
As long as technical support zone holds buying the dips shoud be in play. Target zone on chart.
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