Monday, September 26, 2011
Eur/Usd : A bounce to sell
Focus remains on the 100% fibonacci extension level as price seems to reject this level. Wave Y of (W) subdivides into a complex triple three ( wxyxz ). The alternative remains the same, where the 2nd X wave in the complex triple three is counted as a complete wave (X), the following decline would then be the first part of wave (Y), this is a very bearish count and the probability of this count being the correct count is small because of the very small wave (X).
Subscribe to:
Post Comments (Atom)
This is an excellent post I seen thanks to share it. It is really what I wanted to see hope in future you will continue for sharing such a excellent post. tradingpsychology
ReplyDelete