In the bigger picture, we're working with the bearish case that an important short term top is in place at 1.2588 and that prices are working back down to challenge the 1.1870 support. On the bottom chart, you can see that it looks like a wave (i) decline is bottoming. If prices can stay on top of the 'red' downtrend line now near 1.2076, it will make a strong argument that a wave (ii) corrective rally toward the 1.2111-1.2171 area is underway and will precede a wave (iii) decline toward 1.1870. Key near-term support is at 1.2018, and a drop under there would make a strong case that the wave (iii) decline is underway. Key resistance is obviously the 1.2268 peak. Little to add since yesterday. Clearly a move up through1.2130 would have to be viewed more constructively, but it is hard to geteu0926.gifeur-intraday5.gif

好啊,谢谢老兄

So far it is unclear if this break is impulsive. The EU is hanging very firm so watch the Fibo support area near 1.7740, which is very close to the DAILY FIBO retracement... The count continues virtually unchanged off yesterday's exhaustion gap and bottom. Prices have pushed past the initial target of 1.7781 but not dramatically. A push up through 1.7850 would be suggestive that a wave of larger degree has finished. [ 本帖最后由 cicadas 于 2005-9-27 09:26 编辑 ]bp0926b.gif

Prices are struggling to leave the confines of the apparent down channel which has contained most of the price action of the current decline. So far there appears to be no impulse action to the upside, although it is possible that the anticipated wave 4 consolidation/rally could be underway Yesterday's range was very small, and given the bearish nature of the daily chart, perhaps some short covering above yesterday's high might be in orderau0926.gif

楼主照顾大多数，请用中文，谢谢。

thanks

Resistance is now 1.2067 and the first possible support is at the .618 retracement around 1.2040. If this decline is impulsive, new lows are likely for a possible bottomeu0926b.gif

谢谢！不过有点看不懂英文。

没看明白:')

Prices are struggling to leave the confines of the apparent down channel which has contained most of the price action of the current decline. So far there appears to be no impulse action to the upside, although it is possible that the anticipated wave 4 consolidation/rally could be underway... Yesterday's range was very small, and given the bearish nature of the daily chart, perhaps some short covering above yesterday's high might be in order...au0926a.gif

谢谢

EURUSD: The wave iii (circled) structure down from 1.2269 is indicating the possible formation of an extended third wave pattern within the structure and suggests some more selling to come. Keep the view to the lowside towards 1.1950-30, while immediate resistance at 1.2081 holds. GBPUSD: Moving lower in a possible wave (iii) of iii (circled) formation, the Cable should test 1.7620-10 in the near-future, while 1.7799 remains intact AUDUSD: With prices still edging downward, watch for the AUDUSD to drop a bit further towards projected support at 0.7520-02 before a wave c formation from 0.7730 gives way to an upward test of 0.7574-82. However, a break below 0.7502 would suggest still lower impulsive prices to come (to another test of 0.7457) after a possible upward correction

楼主可能生活在国外！;P;P

If we're in a third wave decline, there should be steady movement lower toward 1.7620-10, with the 'red' downtrend line near 1.7727 intact. The next support zone under 1.7610 is at 1.7563-36. Though less-likely, sustained trading above 1.7727 would argue that the wave (ii) is still alive as an irregular flat, which would bring the 1.7800 peak back into play. ...Greg Pyron...gbp-intraday.gif

looking for this fourth wave consolidation from .7532 to be followed by another leg down toward a projected support area at 0.7520-02 before a downward wave 'c' formation from 0.7730 is complete. A break above 0.7582 and 0.7608 would suggest a short-term low had been formed. However, any fall below 0.7502 would indicate still lower impulsive prices to come (to another test of 0.7457) after a possible upward correction. ...aud-intraday.gif