Tuesday, November 23, 2010

3 Possibilities

Unless this decline was an expanded wave b of B flat ( first alt count ) this count now looks like the most possible count. Another alternative brings back the triangle wave 4 count, where the top is not an expanded wave but a regular top. This alternative count would put price in a wave C with lower prices to come ( price 1.3785 - 1.3660 is in 1-2-i ). In the other 2 counts price needs to rebound higher ( price 1.3785 - 1.3660 would be counted as a-b-c ).

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