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Thursday, 15 November 2012

EUR/USD H1 & H4 Update

Due to wave 1 - 4 overlapse on what suppose to be impulsive bullish wave up after the price had found wave B bottom I have decided to change the outlook to Triple Zig-Zag. The reason is that this wave up supposed to be more impulsive than it is now.

All count on H1 time frame can be easy re-labeled to 5-3-5 leg W, 3-3-3 leg X and 5-3-5- leg Y pattern so it fits perfectly.

Time will tell.


The reason for outlook change is on first chart:


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