240 currently is abc.. however lower degree may still have a lower low IMO.. depends how we develop from here.. see chart for sell or buy setups I would look to form.. Happy trading.. nice chart..
duvy
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@docholliday, what does "240 currently is abc" mean. I'm just starting to learn about charting
docholliday
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@duvy, means nothing to most traders but those that follow wave theory (R.N. Elliott -- see Frost and Prechter at Amazon for example) it makes sense.. to S/R trader it doesn't have meaning.. depends on your trading style/ strategy