Wave C of the Expanded flat correction is well under way. The micro count represents my favorite count at this point. I would expect wave v of C to extend if we are to reach the ideal target area. If wave v becomes 1,618 times wave iii it will exactly reach the bottom of the ideal target area.Friday, November 19, 2010
EUR/USD - Wave C of the Expanded flat is well under way
Wave C of the Expanded flat correction is well under way. The micro count represents my favorite count at this point. I would expect wave v of C to extend if we are to reach the ideal target area. If wave v becomes 1,618 times wave iii it will exactly reach the bottom of the ideal target area.
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What are the possibilities after wave C is completed? Thanks.
ReplyDeleteHi Attitude928
ReplyDeleteWhen wave C is done I would expect a new decline to at least 133.26, more likely a deeper decline towards 130.04, but it depends on where wave C ends.
I still expect wave C to reach the 138.20-138.45 area first.