{lang: 'en-US'} EUR/USD M30, H1 & H4 Update ~ ElliottFxTrader Blog

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Saturday, 17 November 2012

EUR/USD M30, H1 & H4 Update

Price analysis: As I'd noted before, this move up coudn't be impulsive due to waves 1-4 overlapse, so I labeled it as leg XX of Triple Zig-Zag Scenario.

Time analysis: Bar Cluster of 11, 21 and 34 bars  in one cluster bar of different swings that I'm using had provied a support exactly to the day. Time Cluster was very helpfull too, after price had reached 1.27 Fibo Expansion of wave A. Next Time and Bar cluster will appear on Friady 23th of November. Will price hit the 1.618 Fibo Expansion then?

Time will tell.



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