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

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Saturday, 2 March 2013

EUR/USD H4,Daily & Weekly Update

According to alternative count (alt:green) level of 1.2965 might be the end of wave (v) and my anticipaded level of 1.2953 will not be hit.
 However the main count still points out one more impulsive wave down opportunity as long as 1.3052 is not taken out. Even if it is, this recent move down still can be counted as Ending Diagonal wave (v). Only break above 61% Fibo will invalidate any bearish scenarios (grey rectangle) and break above thick red line @ 1.3162 will put the count into question.

On Daily chart there is even more bearish count with wave (4) moved a little bit higher. That would mean the current low is wave 3 not 3.

Seb

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