Tuesday, November 30, 2010

1 of the 4 is bottoming

Here's a possibility for a bottom for EurUsd. It is the upper left choice of the 6 choice roster from the nov 26th post. 1.3354 was the high made during the first trading hours of this week (not visible on all platforms) and this would be the level of confirmation for the count proposed if broken to the upside. A new low would invalidate this count ( there is a possibility for these 5 waves down to be 1 of 5 but that would make wave c really big ) and put focus back on the remaining 3 possibilities.

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