AI
Monday, September 03, 2012 2:17:03 AM
AU Chart.
I'm still figuring this out here but right here right now the rate of change on the downtrend equals the rate of change on the uptrend, 96 minutes to go one pip. I say bounce like crazy and at the minimum we have a significant ABC into the 1.05 range. Think I see 5 waves in the downtrend that satisfy all the EW principles too so very least this is wave 1 or best scenario for longs would be this is a wave 4 on the upside.
I'm still figuring this out here but right here right now the rate of change on the downtrend equals the rate of change on the uptrend, 96 minutes to go one pip. I say bounce like crazy and at the minimum we have a significant ABC into the 1.05 range. Think I see 5 waves in the downtrend that satisfy all the EW principles too so very least this is wave 1 or best scenario for longs would be this is a wave 4 on the upside.
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