But it looks a bit short - under 61.8% of wave 1 - so I figure it's got to be worth a punt short at this point as the alternative (pictured) is that we are about to start (or have already) wave iii of 5 down.
Monday 5 April 2010
EURUSD: chocks away?
There is always a bullish alternative count; in this case that would be that we already completed wave 5 and thus the huge impulse down from the November high.
But it looks a bit short - under 61.8% of wave 1 - so I figure it's got to be worth a punt short at this point as the alternative (pictured) is that we are about to start (or have already) wave iii of 5 down.
But it looks a bit short - under 61.8% of wave 1 - so I figure it's got to be worth a punt short at this point as the alternative (pictured) is that we are about to start (or have already) wave iii of 5 down.
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