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Tuesday, February 21, 2012 7:11:59 AM
AU Hourly Chart with Matrix Count
Looks like the first full fledged bearish matrix is in play here. The first leg down was choppy so this next one is thin. We should move down to the first major fib at 1.0612 for our first move.
Then we should see a bounce. Then a bigger decline.
Looks like the first full fledged bearish matrix is in play here. The first leg down was choppy so this next one is thin. We should move down to the first major fib at 1.0612 for our first move.
Then we should see a bounce. Then a bigger decline.
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