Matt or Steve- Regarding your weekly USD chart, would there be
any reason to look for the B wave to continue down to backtest the
falling trendline (top of falling wedge)? Looks like it may
not be too far from coinciding with the bottom of your current
daily channel. Thanks.
yes that's a possibility of course. You can't say with
100% certaintly yet that the 5th wave is in, however if it
continues to rally then it probably is, we'll see, something to
watch this week.
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Posted by billr on 10th of Aug 2009 at 02:04 am
Matt or Steve- Regarding your weekly USD chart, would there be any reason to look for the B wave to continue down to backtest the falling trendline (top of falling wedge)? Looks like it may not be too far from coinciding with the bottom of your current daily channel. Thanks.
yes that's a possibility of
Posted by matt on 10th of Aug 2009 at 02:34 am
yes that's a possibility of course. You can't say with 100% certaintly yet that the 5th wave is in, however if it continues to rally then it probably is, we'll see, something to watch this week.