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Old 02-26-2008, 01:53 AM
analytic analytic is offline
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Join Date: Nov 2007
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Default Wave analysis from Forex Ltd

At an H4 chart there is a detailed marking of completive figure of Triple Combination with a basic cycle of one day of market data optimization.

The events of previous week have confirmed the calculations for further rate rise in the development of [b]-wave within the completive figure of Triple Combination.
Evaluating the development of [b]-wave I did not find simple marking variant. Nevertheless there are no features of completion of the second figure of Triple Combination in the discovered variants.
The existent variant of [b]-wave marking by type of Triple Combination with a second figure of Running Expanding Triangle looks very exotic but I have chosen it as the main one because of following reasons:
- evaluating the features of Triple Combination development as a possible channel drift along the main trend it is logical to assume that the completion of wave will exceed the level of [a]-wave beginning.
Having calculated strong rally in wave C of higher degree it is logical to expect the formation of Irregular Flat with a failure in [c]-wave or Running Triangle for the second figure. In both cases [b]-wave is the biggest segment in comparison with other segments of this figure but the marking of this wave by type of Triple Combination brings in some clearness like a formation of Triple Combination by the whole figure. The clearness concerns the fact that Triple Combination is originated only in Triangles or Terminal Impulsions. In our case the marking of [b]-wave by type of Triple Combination leaves only one variant for the second figure of Triple Combination that is Non-Limiting Triangle.
As to the features of development of Running Extracting Triangle within Triple Combination I evaluate the existing situation as a quite strong supposition for further rate rise after the completion of second [x]-wave. So called outbreak after Extracting Triangle is very suitable to form [x]-wave. In our case the second [x]-wave will be longer than the first [x]-wave but it cannot exceed the resumption of (E)-wave more than 61.8%.

Having resumed the above calculations as before we have suppositions to plan long positions at attainment of (E)-wave 38.2% or 61.8%. And the calculations at a break of attained tops for lesser time than it needs for consequent rate correction can be a good reason to strengthen long positions at rate rise.

Here You may also find current Technical and Fundamental Analyses

With respect,
analytic
Forex Ltd
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