Wednesday, September 5, 2012

A great similarity & The departure points for dangerous fall ahead

As my A=C=400 pips counts was 1.26390, Eur/usd continued to 1.26360.
But it still lacks some 3 pips !

I should be 100 percent sure about Eur/Usd NEVER going above 1.26390 area, if it is going to be A=C !

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The above picture is Daily chart of eur/usd. As a major count, we are in extended 3rd wave's 4th wave.
In above pic, where there is white arrow, there is white wave 4. This white wave 4 is very similar to current yellow 4th wave.
White wave 4 was double zigzag's construction Only.
This wave 4 contains double zigzags but not everywhere.

As a saying in elliott wave analysis literature, There are violence after every diagonal in other trend.
The case of Gbp/usd - this pair is looking forward for 3rd wave down, indicating some strong violence ahead for everything against US dollar..

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