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.
Tuesday, December 15, 2009
Other possible Alt Count
Please keep in mind there is also the possibility that Wave 5 is not complete yet and the low on 12/13/09 at 20:00 was simply wave i (circle) and we are now in wave iii (circle). Structurally, it works either way. As long as you dont over leverage, short postions will come right eventually.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment