Wednesday, March 23, 2011

Time to check the daily chart

It's time to step back to the daily chart again. Just look at all those fib extention levels, that's some nice resistance for the end of a wave. It looks like we are at the start of a wave X, to be more precise, it's wave X of (Y) of B. After this wave X finishes, the last rally to 1.50 should start. The alternative count has wave B finished allready, but the size of wave (Y) of B would be a bit small compared to the size of wave (W) of B.

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