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Wednesday, September 19, 2012

Elliott Wave analysis of EUR/USD; DJI and Crude Oil

I will try to update more later today.


 EUR/USD - Correction in blue wave iv towards the 1.2815 - 1.2955 area, before the next impulsive rally higher towards 1.3362.
 Dow Jones Industrial Index - Closing in on strong resistance and a massive divergence indicates a possible top soon.
Crude Oil - The triple zig-zag correction from 77.29 is likely finished. All we need is a break below 93.95. The risk is, that we only have seen wave a of Z, which would call for one last rally higher towards 101.95.

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