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.
Thursday, February 18, 2010
A little more short
I am expecting one more small push short before we go into the larger (iv) wave correction of wave .iii. Since wave (iii) is shorter than wave (i), wave (v) will be shorter than (iii). If this assesment is correct price will not go below 1.52??. I will update that number when I think wave (iv) is over. then the larger wave .iv correction will begin. More on that when we are there.
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