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Thursday, 29 November 2012

EUR/USD H1 & H4 Update

Last wave up has ended in five impulsive waves: impulse wave 1, abc flat correction wave 2, impulse wave 3, abcde correction wave 4 and ending diagonal wave 5. Then sharp wave (a) in three waves to the downside.
I'm trackin now two possible counts:
1. We are done with big impulsive wave 1 and now is big time correction comming.
2. We are not done with big impulsive wave 1 are this move up was just wave B Zig-Zag.

Line invalidating count is still in play at the end of smaller degree wave 1.

Seb



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