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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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Nor
Lemberg, Canada
Posts: 249
13 years ago
Apr 7, 2011 17:38
charts are well over due on this forum.... i see what you saying
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 7, 2011 17:36
Important to know that Wave C's are ALWAYS five wavers whereas Wave A's can 3 or 5 waves within.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Apr 7, 2011 17:35
ah yes and the Onagawa Nuclear Power Plant has now a few problems
Trichet still laudates himself see what I can ... my words move the world...
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 7, 2011 17:31
so move starts at 30th Dec 2010 low 125.486.

Wave 1 or A at 1.355.
Wave 2 or B at 127.145

Then you have Wave 1 of 3 or C at 132.981
Wave 2 of 3 or C at 130.098
Wave 3 of 3 or C at the high today which may or may not be complted.
Lets assume that 3 is complted. so now we want Wave 4 down which corrects that 3
Then Wave 5 is another 5 wave move up to new high.

This is why I think this is a wave 3 up from the 130.098 low and not a completed ABC corrective yet because an ABC seldom exceeds the 127% extension of A and I dont see any wave 4 yet with 5 up to come to highs above the 127% level. Ok, not easy to explain.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Apr 7, 2011 17:28
Most parts of EURUSD EURJPY USDJPY.... moves were not reaction to Monsieur Trichet's FED speak but to another heavy earthquake hitting Japan and tsunami warning. Mark my words, this could not happen to Bernanke .
Nor
Lemberg, Canada
Posts: 249
13 years ago
Apr 7, 2011 17:24
i still have short order @140, ill keep it for now
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 7, 2011 17:17
It could be C = 127% ext of A measured from B low at 127.145. The 127% target a little higher at 139.882 but near enough the high made at 139.676.
Nor
Lemberg, Canada
Posts: 249
13 years ago
Apr 7, 2011 17:12
dave im no ew expert but i dont think 3rd w can be shorter than 1st...
it looks more like a=c
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 7, 2011 17:11
50% would be at 134.887. Trouble is lack of structure on daily candles but smaller t/f looks like could be 5 waves within the 3rd wave may be completed.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 7, 2011 17:05
hyena looking like vertical 3rd wave up may be completed. If so deeper ret, take fibs from 130.098 low
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