Thursday, December 13, 2012

Elliott Waves Counting Update 4H

Below 4h elliott wave counting,

The most clear picture will be eur/usd is in the Last wave,5th wave finishing 3rd wave(green)

But the ECB press conference made eur to fall in ABC sequence or is it 5 wave..

Green 1 - ab
Green 2 - ab
Blue 1 - minor A n B
Blue 2 - similar ECB press conference fall
Blue 3 - Striking thrust A n B ( also comparable to blue 1 - very identical )

Blue 4 - Most probably ended at trend line touch
Are we in Blue 5? or we are seeing blue 4 as flat?

Yet to be known..

RAY




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