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Elliott Wave - EUR/USD, USD/CHF

Discussion in 'Technical Analysis' started by ActionForex.com, Oct 17, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    This euro chart is a really tricky one these days. There could be a lot of different wave counts for the current price structure or pattern. Traders might see the new lows in the start of the next week especially if oil prices continue to move lower. Traders are probably...

    complete article here...
     
  2. Cyclon

    Cyclon New Member

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    Here is the chart at your article location:

    [​IMG]


    Now you cannot have that blue A in the 1.3770 area since you would need to have no extreme movement below the blue V and we got that big time.

    Also you will find that this Big Black A you have is a C. You will see this when there is no 3 waves here, no zig zag - only a move back above 1.60's

    :)
     
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