We did get a wave down, but wave 4 is really close to getting invalidated (red line). That is why i am now looking at an alternative count, which is even possible while price stays above the wave 4 limit at 1.3854. The alternative count has price in a complex double three corrective wave. This complex double three on it's whole would form a wave A of Y, which would put us in wave B of Y. This wave B can allready be finished, but could also go lower.
Tuesday, March 8, 2011
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