Next key level ahead

8 ago 2013

Last correction have been overbalanced, so we have possible short uptrend in lower time frame. Price is heading up to the next key level to Overbalance or reverse. In my opinion it is another possible downtrend correcton. Another reverse projection is close to the 0,917 area of key levels accumulation : 70,7% of downtrend pulse , 100% of last correction in higher frame (H4) and 161,8% of A in ABC zigzag. If this level is going to be braked we will wait for 0,932 area which is last key barrier to stop the uptrend.