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Friday, October 12, 2012

$AMRN: EW count and forecast. Daily and 15 min charts.

As you can see in the charts above, price has been all day trying to break the 10.86 support as minor wave 1 of intermediate wave C of primary wave 2,down, was in place at that milestone. We think price, finally, will break to the downside to complete minor wave 3.

$AMRN: EW count and forecast. Micro wave 4 in place and micro wave 5 of subminuette wave 3,down,in play

As we call, 11.51 was the has target for micro wave 4 retrace. Today, microwave 5 of subminuette wave 3,down, is on play. Minor 1 was in place at 10.86, so, minor 3 has to go lower.