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Monday, 14 January 2013

EUR/USD Daily Update

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The main general big-picture view of my count is, that EUR/USD is in wave 4 correction, right now is making last wave C.  The other point of view is WXYXXZ count that shows last wave Z is finishing in three waves. The last Z wave is about to be finished/or finished, OR we only have here the W wave of theWXY Z-wave:



1 comments:

Hi Seb,

hope all is well my friend. Miss you in FF :-(

That is the count I have, too. We may additionaly take into consideration, that the part of the whole move, where you have drawn the wedge, might end up as a triangle. So we would face after a low the wave C or y out of this triangle.

But as I say over and over: triangles are by chance less likely and most Elliotticans count them way to often.

Kind regards,

Markus

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