AI
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Monday, February 15, 2010 12:27:46 AM
GU 4 Hour w/Osc and Wave Count
You know MT, I may just have to keep this oscillator.
I've been watching GU trend sideways in this larger downward channel and I was convinced it was Wave 4 action. Now that I've added the oscillator, I'm more convinced that it is. The extreme swing down would be indicative of Wave 3 and the cross back above zero would be Wave 4 confirmation.
See if you confer on this one. I'm looking at an additional drop coming here that will take us down to 1.5350 to 1.5375.
You know MT, I may just have to keep this oscillator.
I've been watching GU trend sideways in this larger downward channel and I was convinced it was Wave 4 action. Now that I've added the oscillator, I'm more convinced that it is. The extreme swing down would be indicative of Wave 3 and the cross back above zero would be Wave 4 confirmation.
See if you confer on this one. I'm looking at an additional drop coming here that will take us down to 1.5350 to 1.5375.
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