The best micro count is, that we are in the final part of wave 1 of 3 down. Wave v of 1 is now in progress and should take us down close to the 132.10-132.20 area. When wave v of 1 is done one more correction back towards 134.10 - 134.20 should be seen. Even Though this is my preferred count I would stress, that we are in wave 3 down and correction tends to be sub-standard and extensions within extensions can easily be seen.Friday, November 26, 2010
EUR/USD - Wave v of 1 down is progressing
The best micro count is, that we are in the final part of wave 1 of 3 down. Wave v of 1 is now in progress and should take us down close to the 132.10-132.20 area. When wave v of 1 is done one more correction back towards 134.10 - 134.20 should be seen. Even Though this is my preferred count I would stress, that we are in wave 3 down and correction tends to be sub-standard and extensions within extensions can easily be seen.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment