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Posted on: Thursday, February 04, 2010 4:03 AM
Author: Scribd Feed
Subject: Morning View 4Feb2010 - Currency
| -B(b) Canadian Dollar (180 min) [2] Last week (on 1/27/10) I was counting the move from the highs as an “impulsive” five wave down that was completed. My concern for the count then was with the very first leg down. Those concerns ended up being justified as this move turned out being something different than an “impulse”…. (a) [1] This pattern has take the shape of a “complex” correction that ended with a “terminal” (c)wave. What this means is that we can expect a 60-80% retrace from the recent lows that could take the $CAD back to .9598à.9689. A sideways/triangular congestion from here w |
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