07-05-2011, 03:30 AM
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#217 |
Join Date: Sep 2008 Location: Feltre Thanks: 9
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| Re: FX Ellioticians
The triangle count marches on...
The anticipated resistance before 696 put my primary count (white) wave 'd' ending at 14441 & the 4th wave of C ending at 14103 with the 1st of an impulsive rally (possibly) complete.
Any rally in an expected 5th wave of C should move beyond 14940 but, by my count, be capped by 15144
The alternate (red label 'd' / iv)has the 'd' possibly complete this week at the recent 14577 high.
Either of these would call for a 3 wave decline before an impulsive rally - the primary calls for longs ahead of 14103 and the secondary before 14073
Relegated to last place is the strongly bearish 3rd of a 3rd count (purple) which has not yet been disproved but recent declines have hardly been breathtaking.
Last edited by VILLAFILLER; 07-05-2011 at 03:35 AM.
Reason: Primary/alt colours
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