SP500 has completed a 5 wave down move followed by 3 waves up for wave 2. Here is the chart
- #3,409
- Sep 27, 2009 1:16pm Sep 27, 2009 1:16pm
- Joined Jul 2009 | Status: The Alchemist | 8,917 Posts
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DislikedHi fuond an interesting wiew on AUDUSD weekly chart, besides wee have daily divergence, i gues there is o a good posibility to go short on posiblle trend line breakout....Ignored
Disliked"Rocroy" thanks for your comment, will keep my eyes for a breakoutIgnored
DislikedThis is the only count that is making sense to me at the moment. Well you have labelled the big waves as A,B and C and I have labelled 1,2,3 ... that will clarified in the next week. I think the up move in cable will the last for some time to come.
Similar thoughts on EURO... I will post my EURO count below.
EURUSD wave count looks like corrective, as waves are overlapping and also it is moving in a tight channel. Lets see what market has to throw at us next week...
By the way where is everybody else ... ilovepipping... bluebottle, yallah...Ignored