I draw the line right here
雲ボブ
Fundamentals do not work when the public is deceived by the media. Charts can reveal the truth.
Thursday, May 21, 2009
Midday Thursday
Looks like we are right on track with wave C. The Elliott Wave is forming a beautiful wave and the Ichimoku is bearish with good cloud cover.
The EUR/USD is digesting is run and moving sideways. There appears to be a possible rally brewing off on the horizon, and I'm guessing that will coordinate with our last run up to 1015. My stop is at the bottom of 1 but I don't believe it will be hit.
A 38.2% retrace falls close to support, so hopefully Wave 4 will turn there.
Analysis presented on this blog has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.
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