EK triggered the triangle wave B target price of 5.73. In the initial price projections for the B wave triangle (forming from 2.01 to 9.08), this price was to be an internal wave 3 of the 5 waves of wave B. The B wave price target is 7.44.
If using the actual A wave low in this scenario of 3.49, traded 8/31/10, and the wave B projected price target of 7.44, a projected wave 3 of this 5 wave sequence comes to 5.93. EK has traded to 5.88 so far today, which is actually an internal wave 3 of three of a larger time frame.
Watch EK to continue with this trend to the triangle B wave target, possibly correcting to 5.50 from todays high.
