Clam, could you or anyone knowledgable and trading the Wolfe_Wave method, please look at my 2 attached 60M_charts and tell me whether the numbering is correct.

IF the numbering is correct then we can look towards 1.9300 for the GBP/USD.

Secondly, I wish to draw your attention to the RSI-14 studies (marked in RED on the RSI_window). 26 October @ 18h00 candle, the RSI hit 84% level which is near the maximum "allowable" high of 90. It then makes an about turn and tests the 40% level a couple of times, trying to force the market into a Bear market, but the price keeps on rallying. It finally breaks through on the 3rd of November only to break back again on the 6th of November. It once again tests the 40% level on the 8th and gets rejected and breaks on the 9th for a very short period of time, clear indication that the market is still Bullish. (Other indicators would have confirmed that, especially the Murrey_Math levels)

The price and therefore the RSI has now broken the 65%_level which represents the Highest level in a BEARISH -market and it will be intresting to see if the RSI is heading for the 80%-level again and therefore the 1.9300 level.

Your comments are awaited with great anticipation.

Best wishes.

Attached Images

	wolfe_wave no.1.gif (43.4 KB, 1246 views)
	wolfe_wave.gif (41.6 KB, 1167 views)

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