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.
Wednesday, March 23, 2011
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