Wednesday, January 23, 2013
Notice the level of the Kijun sen. It coordinates with last Wednesday's post which is still valid.
Today's White Spinning Top will need confirmation, but it sets up a bearish candle pattern, so I'm still standing by last Wednesday's post. Better yet might be to wait for price to break the Daily Kumo
I was looking at the Weekly EUR/USD. It too has a bullish cross but the Kumo is offering some resistance here. I may be wrong, Elliott Wave is not my forte but this looks like a bearish pattern.
Posted by Robert Campbell at 20:50