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.
Wednesday, May 13, 2009
Over Lap
As the count stands, there was a 64 cent over lap of wave A at 888.70 from April 30.
I'm cautiously looking at this as the beginning of wave B. The chart above is indicating a possible 3-3-3 flat correction for a wave 4. It could just as easily develop into a 3-3-3-3-3 triangle.
943 may not be a viable target any longer. If this is the beginning of Wave B I may have to count that last fives waves as the fifth wave of C. It's not what I expected, and does not look convincing.
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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