Saturday, August 22, 2009

Eur/Usd Daily

I'm looking for 1 more high to finish the last leg in the ending diagonal wave C. Another possibility is that wave 5 is allready finished and the leg down from the top is a wave 1 with and expanded wave 2 correction, if this is the case, no new high should be made and a new downtrend will start soon.

Monday, August 10, 2009

Gold 4 Hours

Gold has rejected the 61.8% first now the last fibonacci at 76.4 has been rejected also. I am looking for a break of the rising trendline first and then i'm expecting a break of the previous low ( red line ).