Euro To 1.2978 And Maybe Long Term Uptrend??? - Forex Forum

 
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> Euro To 1.2978 And Maybe Long Term Uptrend???
toros
post Jul 26 2006, 13:48
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Euro to 1.2978 and maybe long term uptrend???

The lastest three swings from jun 6, finished the past week as a clear corrective pattern zig zag or an A-B-C. This time the alternancy rule is locate in the corrective phases where the wave 2 was simple zig zag and the wave 4 was a subdivided zig zag with three very clear swings or waves. This wave 4 do not overlao the territory of wave 1, and dont broke the lower line of the base channel.Wave 3 is an extension, being 1.618 times wave 1, expecting then, following the guidelines for third waves extensions, that wave 5 will have the same length of 1, a first target to 1.31.

Elliott Wave Analysis
http://www.torosyososfx.com.ar/psfree.htm
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