It appears that price has found some support at the point where Y of A has 2 equal legs. A problem however is that wave Y is small in price compared to W of A. This opens the possibility for different counts, like wave Y of A just having finished it's first leg ( w of Y of A ). Watch for 1.3426, if this gets broken to the downside the 100% of wave W at 1.3229 could be tested.
Wednesday, November 16, 2011
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