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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
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rrose
United States
Posted Anonymously
14 years ago
Mar 4, 2010 21:36
i am sorry i was using a aud/gold chart when i said wave 4 touched wave one
said
mulhouse, France
Posts: 2822
14 years ago
Mar 4, 2010 21:26
rrose

what is ur time frame for elliott counting
said
mulhouse, France
Posts: 2822
14 years ago
Mar 4, 2010 21:18
rrose

u correlate with Gold in aussie

do expect ausiie down nad if its the case yen would not be the funding currency for gold ops?
rrose
United States
Posted Anonymously
14 years ago
Mar 4, 2010 21:16
for wave three can not be the shortest
rrose
United States
Posted Anonymously
14 years ago
Mar 4, 2010 21:14
im sorry i ment wave 3 could still come down to at least 1065 or 1020 and move on higher
rrose
United States
Posted Anonymously
14 years ago
Mar 4, 2010 21:12
no we are finished a 3 wave decline i think we are in a five wave up like ashraf said gold will still go much higher. what i am saying is that this five wave move wave 4 could be coming down in a triangle to hit 1065 or lower and then shot higher in wave five to new high
said
mulhouse, France
Posts: 2822
14 years ago
Mar 4, 2010 21:03
projected 1124-25 is above the top of wave 1 on a month horly chart.
rrose
United States
Posted Anonymously
14 years ago
Mar 4, 2010 20:59
said for one wave 4 can not end in the area of wave 1 only when in a triangle which then makes wave 5 very tricky
said
France
Posted Anonymously
14 years ago
Mar 4, 2010 20:41
rrose

here is why i project this level. i use elliot counting and we r in reversal 3 waves pattern that has begun for the first leg at 1050 to 1128 second wave at 1128 till 1092 and now the third leg that has to be declined in 5 majors waves. a principle in commodities technical analysis is that the fifth waves( the one we are gonna enter at the 1124-25 level) is the strongest one. so i expect for this waves 45 dollars.

patience
rrose
United States
Posted Anonymously
14 years ago
Mar 4, 2010 20:33
said if you look at the weekly chart of gold in march of 2008 you have an almost identical decline suggesting a 1065 decline before going up. if this meens anything.
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