Wednesday, October 8, 2008

Gbp vs Jpy 1H Update #1


Preferably, I'm looking forward for a bearish trend either to complete wave b (magenta) or a truncated wave v in 5 (yellow) before expecting for another bullish continuation trend. Otherwise we may see another strong bearish continuation trend to complete an impulsive subwave v in 5 (white). Therefore, please watch carefully both magenta and white/yellow critical line for any breakout to confirm which alt count is in progress. Good luck.

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