Monday, November 22, 2010

Pause in the wave B rally

Price has gone up in a corrective way since making the low at 1.3447 and this correction now looks complete. In the bigger picture this would be wave A of B. Price after the 1.3785 high looks very much impulsive, but this doesn't mean we're not in B of B, it could be the first part of a zigzag (5-3-5).

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