Friday, October 29, 2010

1.60 1.50 1.40?

There are a couple of good possibilities at this point. Here's is the one i've been following for a while now. Wave B of Y ready or may need one more high. After this price should go down to around 1.3618. Another possibility is a big triangle where we are now in wave D ( or even have finished wave D and E allready ). And another count is more bullish, where wave A of X is wave 1 and it is followed by an expanded flat. Notice that the 2 alternatives proposed suggest a new high for eur/usd, where the count i'm following has a top in allready.

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