11 - 19 - 08 GBP/USD (short term)

Besides,
It has probability (higher possibility) to make correction to the specification of wave structure on top chart.

Subwave started from 1.6196 could be completed.
In other word, price from last Thursday(11/13/08) low 1.4556 is likely to develop the same degree of correction wave as 11/4/08 low 1.5597 to 11/5/08 high 1.6196, which could enter the 1.5597 --- 1.6196 territory.
If it is true, price from 10/30/08 high 1.6670 would develop a diagonal triangle moving pattern,  most likely an ending diagonal with expanding variety.


reference attached chart

[ 本帖最后由 sharkeater 于 2008-11-20 21:52 编辑 ]

谢谢老师