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Sunday, 28 October 2012

AUD/USD H4,Daily & Weekly Update + Gann Fan + Regression

I got two counts that I'm keeping my eye on: one for the bears, onfe for the bulls.

For the bears I have my old count that claims wave 5 had finished next to the  wave 3 top. That means large structure of WXY has finished the leg of X and now we sould see an impulsive development to the downside. Any break above previous wave 2 high invalidates the count. This seems to be supported somehow by regression model.

For the bulls there is my next count that shows wave 4 has not been finished yet and after this long lasting  time consuming triangle correction the price will finally break to the brand new hinghs.

Seb









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