29072009

My TP hitted at 154.9 and it went down to 154.15. As it breaks my support line and fibo at 154.5, i believe that the market will continue its bearish movement down to 153 or extremely 152.33. On timeframe 1 hour, the market is oversold thus i'm anticipating a retracement up to 155.68 (daily support 1). However on timeframe 4 hour the market is still showing its sell bias. Right now i'm waiting for my sell PO to be hitted at 155.6 with TP 153 and tight SL. If the market rise beyond 156.55 then the bearish continuation will become invalid hence the count of wave 3 at 157.6 is not true.