Simple's Green Room

[pennies2007]

That 15 minute chart is no longer relevant, Qui. We're basing the FE targets on the AU 4 hour chart since this move back up was a Wave 2 back up on the 4 hour chart. So we're basically seeing a new Wave 3 down begin on the 4 hour chart. The move down this morning is probably the first minor Wave 1 down out of 5 in the new 3rd wave down on the 4 hour chart. So a bounce back towards the highs again is likely before we see any large selling.

FE 61.8 based on the larger AU time frames is 0.69137 so I'm setting my TP at 0.6920. If AU does make one more final high though, we'll have to adjust that level a bit to compensate.