Today is Saturday, 11th Aug 2012.
Eur/usd is have 4th wave correction Up-side for the 1st wave of Impulse Down-side.
It's been 19 days today and it will take long to Finish it.
Above picture showing Yellow wave A, Unfinished Yellow B.
Yellow wave A consist of white ABC, where white B is having aqua coloured abc.
They are 'double irregulars', where aqua b is wave x.
So, Yellow wave A = double zigzag (white A)+ double irregulars (white B)+double zigzag(white C).
White A is simple enough so thus white C, they are both double zigzags.
However there is no such match as A=C, 2A=C, etc.
Wave A = 1.11 times Wave in this case..
What important thing is :- ONE corrective Phase [ Yellow wave A] is over.
Next is Another Phase of Correction [ Yellow wave B] - Which is running with having finished W, it is wating for X & Y.
At that point it could have finished wave Yellow B.
There start Yellow wave C, it Should over shoot & surely making new Highs (above 1.2440 area)
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