Friday, May 29, 2009


If the triangle scenario holds, this is wave D in the making. Wave Y is 2 times the size of wave W. There's also a nice fib extension after the wave A top, where wave c = 1.618 * wave a (but wave c could possibly not be finished yet).

Wednesday, May 27, 2009

Gold 4 hours

Here's a possibility for gold. Confidence is not very high because of the small wave X.


It's possible that wave c of Y is not yet finished and one more high is required like illustrated in the chart below.

Monday, May 25, 2009


The triangle scenario is still possible as long as price remains above 93.54. Wave C of B has 2 waves down who are about the same size, this 100% fibonacci extension is acting as support and is pretty close to the 93.54 support.

Friday, May 8, 2009


I'm starting to like the idea of a wave B triangle, followed by a short wave C ( 61.8% of A ? ). A flat is still possible aswell.