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, February 16, 2010
Potential labeling for Correction
Below is a potential labeling for the current corrective move. If this labeling turns out to be correct, I would expect to see one more push long before the short resumes.
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