Assoc BR Foods

dl.dropboxusercontent.com/u/7238706/A.B.FOOD.png

If the labeling on this chart is correct then this should be a beautiful long - if ur not already long per Remo's tips page - as this could be the start of wave iii of 5. There is a possibility what I have marked as 4 and (( i )) should be sub-waves (( a )) and (( b )) of wave 4 and wave 4 finishes some way lower However, 1657 falls neatly between fibs 38.2 and 23.6 of wave 3 so I'm fairly confident in these labels

The brave will already have followed Remo and be long already; next entry, and the one I choose will be on test of 1861; the real timid can wait and go at break of trend line, currently around 1883 and reducing.

The weekly chart looks like this IMO

dl.dropboxusercontent.com/u/7238706/A.B.FOODwkly.png

I should also have said if the support around 1791 doesn't hold then expect this to visit support at 1496 - the new bottom of wave 4 - before a significant rise.

This gapped up today and is hovering around trend-line, could it be a symmetrical triangle breakout..

Update from yesterday - this has gapped up today so a clear breakout.

Broken out today, big gap up.


dl.dropboxusercontent.com/u/4899609/asso230414.png

One to keep an eye out for a breakout trade??


dl.dropboxusercontent.com/u/4899609/abf2ndjuly2014.png