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  #24 (permalink)  
Old 05-04-2009, 15:38
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Tovinces Tovinces is offline
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Arrow EURJPY

The time that has gone during my last post here had proved my scenario on EJ (u can search for it in this thread).

Now the price is going to finish it's strong bullish move by forming the last, fifth wave.
If we zoom the chart (please look at 1h), we can see that 1-2 subwave formation is already done by EJ, possibly Sunday gap will be bullish in order to finish the 3rd wave.

It means that during following couple of days (I suppose till Tuesday or Wednesday) we'll see the completing of 5th wave and the beggining of a strong correction.
Attached Images
File Type: jpg ej 5.04-4h.jpg (74.3 KB, 16 views)
File Type: jpg ej 5.04-1h.jpg (76.5 KB, 5 views)
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