Friday, September 3, 2010

Happy NFP day!

With all the possibilities on the table here's one just of them. Price since the 1.2855 high can be viewed as a triangle wave 4, but i think it counts a little better as a wave a and b complete. I also put a possibility on this chart to count the decline from 1.2855 as impulsive. It is really hard to count it impulsively, you could even say it's forcing a count on it, but i'm keeping an eye on it anyway since a wave 3 of several degrees could start anytime. Especially with the NFP numbers coming out, price could be ready for a really big move.

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