Wednesday, June 9, 2010

EURUSD - Updated Counts























5 comments:

San said...

EUR / USD Trading in a channel
http://forexchartsonline.blogspot.com/2010/06/eurusd-30-minutes-channel.html

NBD said...

Absolutely Amazing... I have the SAME count...!

Nayan

Anonymous said...

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.

Muthu Nagarajan said...

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...!!

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