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.
Sunday, April 11, 2010
A little more long
I have been tracking the subdivisions of this fifth and final wave long. I believe we are still in the 3rd wave of the ending 5th. I will try and announce when I think the wave has ended but it should be soon. Meaning within the next 24 hours or so. I will try and post a chart when I believe the lesser third of this fifth wave is complete. The coming short move should take us below 1.4780 at a minimum.
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