Thursday, November 24, 2011

Aussie Update 11/24/2011

Here is my Aussie update today.  I think that wave 3 is over or almost over and we should see a bounce for wave 4.  There is some confluence around the .9915 area, so I think that is where it's going.  I will state something about Elliott Wave analysis for those that don't know this.  Wave patterns are predictible but the size of the waves is not using Elliott Wave.  This is why I and other Elliotticians use other technical indicators to predict the size of the waves.  Anyway here are the charts.  The 1 hour, 3 hour, and the daily charts.  Please ask any questions and I will answer them.

Good Trading Everyone,


JahDave

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