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Sunday, 20 January 2013

Introducing:CHF/PLN Elliott Wave Count

For the beginning this is a chart with all available data I have - back to 1984 ( quartely candles;courtesy of stooq.pl):

 As You can see this is pure impulsive wave in progress and after wave 2 bottom nice impulsive candles were developing. On Weekly chart the downside correction in wave 2 looks like this:





 Next part of the chart is wave 3 unfolding into nice 1-2,1-2,(1)-(2),(i)-(ii) pattern that has not been finished just yet: CHF/PLN is currently in wave 4 of impulsive advance and only breaking 3.17 level invalidated the count.























































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