As I wrote yesterday, some kind of flat correction was building and that this flat correction still could evolve into an Expanding flat correction. The price-action since has proven this statement right. Wave 2 has evolved into an expanding flat, where wave B within 1 pip became 1.618 times longer than wave A. We still need a break above 135,72 to confirm that wave B down is done an that wave C up to at least 138.10 - 138.43 is under way.
Please see Infinitus alternate count to the above. As alway his doing a great job tracking the micro-count. This count calls for one more minor low, before wave 2 up kicks in.
http://http//singulorum001.blogspot.com/2010/11/11172010-night-wave-1-main-count-1h.html
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