AI
| Followers | 193 |
| Posts | 41494 |
| Boards Moderated | 1 |
| Alias Born | 10/29/2007 |
Tuesday, October 02, 2012 2:06:59 PM
AU Hourly Chart with Matrix Count
Looks like the original matrix count that projected 1.0260 to 1.0270 was right to begin with. Thin leg down followed by a near 50% fib retrace. Last leg down has been choppy.
Minimum retrace from the bottom of the last leg would be 1.04 and likely 1.0440 to 1.0450.
There's still room for a bit more downside here but not much.
Looks like the original matrix count that projected 1.0260 to 1.0270 was right to begin with. Thin leg down followed by a near 50% fib retrace. Last leg down has been choppy.
Minimum retrace from the bottom of the last leg would be 1.04 and likely 1.0440 to 1.0450.
There's still room for a bit more downside here but not much.
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
