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British Pound Range Continues
Written by article default Monday, 04 October 2010 05:00
60 Minute Bars
Bigger picture - “I am of the mind that a large triangle is underway since the January 2009 low. The implications are bullish over the next few months (allowing for a correction over the next several weeks down to 15450-15500), with triangle wave C working towards 16500 before a reversal and multi month decline in triangle wave d.” Near term, I expect a drop lower in a small c (or 3rd) wave to 15500.
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