Thursday, November 15, 2012
EUR/USD H1 & H4 Update
Due to wave 1 - 4 overlapse on what suppose to be impulsive bullish wave up after the price had found wave B bottom I have decided to change the outlook to Triple Zig-Zag. The reason is that this wave up supposed to be more impulsive than it is now.
All count on H1 time frame can be easy re-labeled to 5-3-5 leg W, 3-3-3 leg X and 5-3-5- leg Y pattern so it fits perfectly.
Time will tell.
Seb
The reason for outlook change is on first chart:
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurusd-h1-h4-update_15.html
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