Glenxtrata

stops should be below 308 if your long from the trend line.

This has gapped down and right on trend-line..


dl.dropboxusercontent.com/u/4899609/glen2100314.png

Ok, so it's not an impulse wave but an ABC. Now looking for a retrace back to 330 > 332 before pressing on again. Hopefully my chance to get back in having missed out by 1 point last time...

For glen fans, a few things to watch out for......here's an hourly chart...

dl.dropboxusercontent.com/u/7238706/Glen...SE%29%20%28hr%29.png

... a look at the extensions shows a blue ext from the low on Feb 4th at 308.05(just off-screen) > A at 348.08 > B at 322.85 - this gives an area between 50 & 61.8% from 342.86 > 347.59. Now this is the area where we should invariably expect a little pull-back.
If we couple this with the extension up from B at 322.85 (in the green this time) > ( a ) 337.50 > ( b ) at 328.65, we get a 100%(343.30) > 123.60%(346.76) extension. This narrows down the expected turn a little further.

Now consider the move up from ( b ) is looking very much like an impulse wave and we can predict wave v could be similar to wave i, and would hit at 345.17.

Of course that could be all too clever and the wave already be completed as an ABC at 342.77 and the wave is already into the pull-back. No doubt we will find out today

The other bit that's also off-screen is the blue extension figures for 100%(362.88) and 123.60%(372.33), which is the area to target after the pull-back discussed above

Cup 'n' Handle formation?

using free ig charts...

As long as it finishes above 322 then this should target the 350 area soon.
This should be a free trade now