Tuesday, June 29, 2010

Working the B?

After rejecting the 61.8% fib resistance again price finally went lower. The internal structure is unclear at the moment, but this should be a wave c of B or 3 of v. The alternate count counts the first wave as corrective not impulsive like i orginally thought (see post earlier this month) with a small wave c of A. Below 1.2208 invalidates the alternate count.

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