Friday, September 4, 2009
I'm hoping this count holds. If not there is still a possibility that we came out of a wedge, and this is wave ii.
The top of the M30 Kumo is at 1015 and the Daily Tenkan-sen is at 1015.71 providing resistance right here.
We broke out of the previous pitchfork and found higher ground as I warned we might, but we are still in a larger downward fork.
It's come further than I had expected even for Minuette iv, but the count is still intact.
The ES chart below which shows over night trading may give a more clear picture of the count.
Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.
Posted by Robert Campbell at 09:44