Feb 12, 2016
We have a new low and enough waves in place to call a bottom. Many markets forex,bonds,precious metals with moves which look like a buying climax... If we see a strong green day this is the bottom. The more "bearish" option (shown on the chart) this is still wave iv of 5 and there is one more move lower - Fibo target 1796. I would not be surprised to see this scenario. The big boys do not play fair:) and usually the reversals happen over the weekend. So grinding lower whole day and you are wondering "Should I buy or not, I do not want to be caught with a gap in the opposite direction over the weekend".