[ UPDATE ] Falling Wedge intersected by fib-time lines

٦ يوليو ٢٠١٤

We are apparently sitting on an older trendline that seems to be still in effect. nibbling off the 23.6% fib line effectively forming an ascending triangle. if you extend this trendline it crosses my 666 target right around the 3x timefib which is based on the uprun marked by blue vertical lines 0 and 1. line 3 is after 3x the amount of time between 0 and 1.

The uprun didn't retrace more than 33% which is considered a healthy retracement and is often followed by another leg up.