28 May 2007
Forecast Hints.
Supports
1.9828 = minimum
1.9800 = 162% from the 1-st down wave on H1 1.9836-92
1.9786 = 162% from the 1-st subwave 1.9828-87 + 50% bullish H4
1.9762 = 200% + 62% H4
1.9728 = 262% + 76%
Resistances
Upwards - puncture of a resistance on h1 1.9892
Conditions
* puncture of 1.9892 by GBP
* POWERFUL turn upwards of allies
* 1.9894 = maximum 23.05.2007
* 1.9903 = 50% D1 1.9676-2.0133
* 1.9955 = 62% D1 1.9676-2.0133
* 2.0024 = 76% D1 1.9676-2.0133 + 162% from H4 1.9676-1.9892
Comments
Preconditions for a change of a long-term trend are lasting
1. D1 - fulfillment of the minimal conditions for the 4-th wave on D1 (correction downwards from 18.04.2007 and getting AO below 0)
We'll add to the 2-d sign
2. On H4 - there are first signs of changing of the long-term (ZIFRAS on H4 upwards).
* an up zigzag on H4 is higher than the previous one
* look at the powerful body of AO above 0
The 3-d sign
3. H1 =
* a powerful 3-waved upwards
* from 1.9892 a correction is going downwards
For a buy variant it's needed to wait for a 5-waved movement of a "C" wave and then go for a buy.
Why from there? Because the up movement could be just the 5-th wave on H1. So there is a chance to hang with this buy for the whole 2-d wave on h4.
For a sell variant - this variant is very hard as the price can spurt upwards very fast. This variant is only with strict stops + fulfillment of the "C" wave on H4.
It's not advisable to make a sell as it would be hanging for a long time.