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Wednesday, January 6, 2010

EUR/USD - I have change my count




After reviewing my count I have decided to change it so wave 4 ended yesterday and wave 5 of black circle wave 1 is ongoing at the moment.

I feel more comfortable with this count. I do think that the black circle wave 2 count, wave 2 would have been much to small, therefor and extended wave 3 and finished wave 4 count is more prudent at this point, but I have keept the alternative count below.

Wave 5 should at least hit 141.65, but I wouldn't be surprised to see it closer to 139 and maybe even the 137.40 area, the last target is less likely thus.

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