This blog is dedicated to my analysis of the GBPUSD currency pair. My primary analysis tool is Elliott wave theory in combination with a proprietary moving average (Jurik JMA) and a custom MACD setting. I make updates as warranted. IMPORTANT NOTE: I use a dot in front of the number or letter to denote the character is in a circle, per correct wave notation.
Wednesday, December 23, 2009
Maybe Wave {iii} isnt over.
Now that a few more hours have passed and more structure has revealed itself, It looks like there may be more short to come before we start wave {iv}. It is probably making some sort of double or tripple correction. It won't be possible to make any predictions until this correction is over. So, no targets for now but I think there is a bit more potential for a down side move.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment