Thursday, September 15, 2011

EURUSD heading to new lows!

EURUSD appears to have completed it's 4th Wave correction and should be heading to new lows in a fifth wave. Notice how Wave C Blue ended roughly .618 further than Wave A Blue, as well as just above it's trendline. This is typical of a C Wave.
*Wave C must be an ending diagonal to account for the overlap between Wave 1 Black and Wave 4 Black.

No comments:

Post a Comment