Hi Folks
I haven't posted for a while.
The next couple of weeks are going the prove privitable in the near future.
On the weekly charts, we don't want for the weekly Hi-lo candles to fall entirely below the 10WMA . Not good especially if it happens for a second week as well. The 10WMA is currently at 0.53 and rising which is still a bullish sign.
On the positive side if we start rebounding soon then
The A wave from 0.305 to 0.68 is followed by a B wave from 0.68 to 0.485 which is a retracement of 50%
Whoever If we could continue to turn up into the C wave extentions.
Then the C Wave extentions are Ext23.6 = 76.5 and Ext38.2 = 0.82
Lets see how it plays out.
Just the way I deal with the markets, DYOR.
good luck folks.
cheers Lies
Chart, page-7331
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