Eur/usd elliott wave accounting

Tuesday, August 21, 2012

First zigzag at 1.24870, correction could be deeper

Below picture, watching it carefully..


Above picture, Yellow W is first zigzag ended, we are going to see down-side correction..

WHITE Y is consisting of extended C..

This means, correction could be deeper around 1.23900 area but Surely another zigzag is in position.


Ray.


Posted by Ray, probabilities within elliott wave counting at 11:55 AM
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Labels: elliott wave 5m, first zig-zag, wave C, wave W

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  • ▼  2012 (50)
    • ►  December (5)
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    • ►  October (10)
    • ►  September (2)
    • ▼  August (16)
      • The flat correction as wave 4
      • ABC for wave 4
      • Target for wave C Final
      • Target for wave C (updates)
      • Elliott wave flow chart
      • First zigzag at 1.24870, correction could be deeper
      • The sharp rise as wave C, a double zigzag
      • The symmetry of corrective A and B waves
      • The target for wave C
      • Charting wave E of descending(+ascending) triangle...
      • A descending triangle as wave B?
      • The start of up-side correction as zig-zags
      • Eur/usd crossing 50% of retracement
      • Eur/Usd daily chart showing hidden bearish divergence
      • The Correction up-side, all most half way
      • How did wave A end?
    • ►  July (9)
    • ►  June (1)

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