Thursday, July 21, 2011

Real end of wave X?

There was another leg on this corrective wave. Im not certain if this last wave up is impulsive (5) or corrective (3), but i'm expecting resistance at the 100% fib extention. There are alternatives like this high being a top of the first part of a bigger corrective wave X. It could even go to above 1.4939 in the form of a wave Z. We'll have to wait to see how the market reacts to the news out of europe.

No comments:

Post a Comment