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).
Friday, May 29, 2009
Wednesday, May 27, 2009
Gold 4 hours
Monday, May 25, 2009
Usd/Jpy
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
Usd/Jpy
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.
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