Friday, February 11, 2011

Waiting on a rally

Either price is in a wave B triangle ( wave c of this triangle ending now or soon ) or in the last leg down of a complex double three wave B. The support zone seems to be holding for now but it's still very early. I know most people are very bearish because of what looks like 5 waves down from the 1.3860 top, i'm counting it as a complex double three, a corrective wave.

No comments:

Post a Comment