Sunday, August 21, 2011

Eur/Usd : Looking for a decline

The triangle count is still in play and the decline is corrective, so the triangle should be labelled triangle wave X. The alternative count is still possible aswell. 1.4535 is limit for the triangle count. A break of 1.4054 and the B-D trendline are confirmation. Don't forget that with corrective mess like this, there are a lot of alternative counts. Different bigger triangles and complex double threes for example.


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