Παρασκευή 30 Σεπτεμβρίου 2011

fibo cluster zone at 14000

this could prove a major low as at this price we see:
1. c= 1,618 of a as a 2nd wave zig-zag correction
2. 88.6% correction of the impulse numbered 1-5
3. formation of a bat pattern (for those involved in harmonics as well)

Strong buy interst should be seen if we get to this level and if it holds then we could be in for a very bullish eurusd next month

Πέμπτη 29 Σεπτεμβρίου 2011

Is this a bottom?

many senarios are probable but the best I can think for now is that we have hit a major bottom, and we probably gonna see a decline to below 13500 to finish the correction before going higher again...

Πέμπτη 1 Σεπτεμβρίου 2011

triangle is done...

and leading diagonal is also done... and now we r either finishing the correction or based on the short time the correction has already lasted, we should be expecting another leg up as a b and then another c leg to finish the 2nd wave... levels to watch are the 61,8% and 78.6% retracement levels... Afterwards, a strong upwards movement should take us above 14950 to new highs...
take care...