TraderDTS
12-13-2009, 06:40 PM
The weekly template shows that so far the price is near level 7/8 of the green octave. Further upward move after reaching level 7/8-0.9277 is likely (Fig. 1).
http://www.2targetsmethod.com/images/121309/image001.jpg
Fig. 1 - W1
http://www.2targetsmethod.com/images/121309/image002.jpg
Fig. 2 - W1
The layout of new points shows that the uptrend may continue in the net with greater strides (Fig. 2).
According to the detailed analysis the price hit level 0.9277 and reversed downside. After hitting level 4/8 it reversed upward again (Fig. 2).
http://www.2targetsmethod.com/images/121309/image003.jpg
Fig. 2 – 60
Further analysis shows that upward move from level 2/8 may continue (Fig. 3).
http://www.2targetsmethod.com/images/121309/image004.jpg
Fig. 3 – 60
http://www.2targetsmethod.com/images/121309/image001.jpg
Fig. 1 - W1
http://www.2targetsmethod.com/images/121309/image002.jpg
Fig. 2 - W1
The layout of new points shows that the uptrend may continue in the net with greater strides (Fig. 2).
According to the detailed analysis the price hit level 0.9277 and reversed downside. After hitting level 4/8 it reversed upward again (Fig. 2).
http://www.2targetsmethod.com/images/121309/image003.jpg
Fig. 2 – 60
Further analysis shows that upward move from level 2/8 may continue (Fig. 3).
http://www.2targetsmethod.com/images/121309/image004.jpg
Fig. 3 – 60