Friday, March 5, 2010

NFP today

Looks like the euro did make a nice 3 wave drop yesterday, testing the 61.8% retracement. Since it is in 3 waves, the 2 possibilities that seem most likely to me are :

Wave 2 of C just finished and we are heading higher fast in wave 3.
Wave C was the end of a bigger 3 wave pattern, now labelled A and the 3 wave drop was a of B

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