Friday, November 12, 2010

Expanded Flat Done?

Price has followed the expected path nicely, but did so faster than expected. Price also did not reach the 161.8% FIB extention of wave A, but it did come below the wave A low, so it is a valid end point for wave C. If price goes below 1.3516 i will need to adjust the count to a more bearish one. But for now this decline looks pretty much finished.

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