Sunday, June 3, 2012
The first impulse - update
The 4th correctional wave was a bit higher than initially excpected, giving more room for 5th to go.
So, I expect the current 3d to complete this Monday morning (East Coast time zone). The 4th may be a strong one, leading to the formation of expanded triangle.
As for the EURUSD, things seem to be a bit in advance to the stock market. A strong reaction to NFP figures means the 4th wave is in the making and should complete under 1.25 on Monday:
Labels:
DJIA,
Dow Industrial,
Elliott Count,
Elliott Waves,
EUR,
Market Trend,
USD
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