Wednesday, April 27, 2011

The last push higher

Price is getting closer and closer to the 1.50 target level. Now that wave X of Y of (Y) is finished, we have a target level for Y of Y of (Y) and guess what, it's at 1.5094, right in the target zone. Things are getting really interesting.

Geplaatst door op
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2 comments:

  1. AnonymousApril 27, 2011 at 10:06 PM

    Hi Jeremy!

    I keep learning from you and this is a good reason to thank you for your regular posts.
    Indeed, it seems that things do line-up in an interesting manner. Too clear and simple to be true. But it seems to be true and we just need to follow the analysis until it gets non-validated by a certain move.

    Best wishes and regards!

    Catalin

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  2. Jeremy DemunterApril 27, 2011 at 11:36 PM

    Hi Catalin,

    Thank you for your reply! I have found that price is drawn to places of high support or in this case resistance. With all those fibonacci levels around 1.50 + the round number, the resistance seems pretty big to me.

    Good luck,
    Jeremy

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