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Old 04-08-2008, 07:19 AM
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Jebatfx Jebatfx is offline
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I believed the price on the move to complete wave 4. Either”double bottom will be valid or not, can only be determine later. If we do have a true breakout to the previous bottom (”double bottom”), the market maybe in retracement continuation to complete wave 4 either to the fibo 50% or near to the fibo 61.8%. But if later the price continue downwards and make a true breakout to the retracement critical line 1, wave count in white would be more preferable. Otherwise, we may see a bullish continuation to complete wave 5 later. Please wait for a complete signal from BSTS 2 & 3 later before making any entry.
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