Wednesday, June 9, 2010
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5 comments:
EUR / USD Trading in a channel
http://forexchartsonline.blogspot.com/2010/06/eurusd-30-minutes-channel.html
Absolutely Amazing... I have the SAME count...!
Nayan
hi muthu nagarajan,
Sorry to tell you that I'm not agree with your chart. I believe current movement downwards are in 3 waves. Ur trying hard to force the count to look like impulse. Please check again.
Warmest regards.
Hi All,
Thanks for the comments!!.
I had considered it as a five wave because..wave 3 was just 1.27 times wave 1 and hence expected a fifth wave extension which is in fact extending.
Wave counts within 5 also follow relationships and a triangle usually occurs in wave 4..which is also seen.
It's obvious that many counts are possible..and still without breaking any rules...!!
Well... round about every blog posts online don't have much originality as I found on yours.. Just keep updating much useful information so that reader like me would come back over and over again.
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