H4 is currently forming the 4th wave. As you can see that the 3rd wave is same height as the 2nd wave but the pull back for the 3rd wave is much more deeper than the 2nd wave. As 3rd wave pull back is at 78.6 and 2nd wave at 61.8. This means that the bull strength is getting weaker so I would target below 80% of this ride.
Thursday, August 13, 2009
Euro/ Usd, H4 - 13 August 09
H4 is currently forming the 4th wave. As you can see that the 3rd wave is same height as the 2nd wave but the pull back for the 3rd wave is much more deeper than the 2nd wave. As 3rd wave pull back is at 78.6 and 2nd wave at 61.8. This means that the bull strength is getting weaker so I would target below 80% of this ride.
