Im new and trying to learn about forex. I watched this news yesterday "The same patterns are showing up on the EUR, the AUD, S&P 500 and several variations on other pairs. A lot of people seem to expect a 5th wave down for a new low on the daily then a big turn to the upside.http://chartblog.blogspot.com/2012/06/wedge-on-chart-reversal-pattern.html" Hope to hear your thoughts about this, guys! Thanks 🙂