2 May 2007
Forecast hints.
Comments
After Monday's movement.
GBP fulfilled its 5-th subvawe of a "C" wave insude a "B" wave.
Then I'm expecting fulfillment of the 5-th subwave on m5 of the 1-st wave of "C" wave.
Conditions for the 4-th wave on m5 are done.
BUT conditions for the 5-th wave on m1 are fulfilled as well. It's shown by AO divergention.
After this movement should be a corrective 2-d wave of the "C" wave.
I'm not advising to sell at the end of the 1-st subwave of the "C" wave as it could be made hanging for a long time.
But a buy is more actual as the future up movement could be prolongation of the 5-th up wave or the 2-d subwave of the "C" wave on H4.
Yours faithfully, ADUNBS.