Friday, January 7, 2011

Last chance for wave B

The only thing the NFP event produced is a triangle. I would place this as a wave 4 triangle which means we are in a final wave 5 now. It is possible that this is nearly complete, but it could continue a little lower. These 5 waves could still be part of a now expanded wave B, but this would require price to rally hard in the beginning of next week.

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