VARD

Discussion in 'Acquistion Targets' started by zuolun, Jun 2, 2013.


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  1. zuolun

    zuolun Well-Known Member

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    nottibird,

    For VARD, the Elliott Wave pattern is negated as wave-4 has overlapped wave-1.

    VARDH&S / Descending Triangle Breakout; Interim TP 0.985, TP 0.665

    VARD (formerly known as "STX OSV") closed @ 1.12 on 31 May 2013.

    Immediate support @ 0.985, immediate resistance @ 1.18.

    [​IMG]

    The Elliott Wave TheoryThree rules for a 5-wave impulse sequence

    Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
    Rule 2: Wave 3 can never be the shortest of the three impulse waves.
    Rule 3: Wave 4 can never overlap Wave 1.

    [​IMG]

    [​IMG]

     
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