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Thursday, June 4, 2009

All the Ichimoku Kinko Hyo charts M1 through the daily charts are bullish.
The idea presented earlier today, where we could begin Wave B is off the table after today's action.

One of the next two charts are most likely to become reality. Even though I had a target of 980 I'd say now that 956 is more likely because waves 1 and 3 have not been robust enough to take us there. This next chart is my preference, but the last chart is included as possible alternate. It's not as likely, because the internal wave structure is impulsive rather than corrective.

Friday was my Target Date for a reversal. I'll have to experiment with converging trend lines a while longer as a way to time find revesal dates, but a reversal appears very likely to happen tomorrow! Gann Timing also predicted June 6th as a reversal date. If any one knows of a blog where Gann Timing is used I'd appreciate it if you would let me know.

This next chart is an alternate count and not likely to happen

Analysis presented on this blog has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.

1 comment:

  1. Daneric has a unique count that is quite impressive and deserves attention.


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