Please notice 50% Fibo level from last swing is at 1.2607 and 1.618% projection of wave C violet is at 1.2550.
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurusd-m30-h4-update_13.html
Tuesday, November 13, 2012
EUR/USD M30 & H4 Update
Target of 127% was hit but next wave hasn't had an impulsive structure so I guess there will be more downside in extended wave 5 as divergence will progress.
Please notice 50% Fibo level from last swing is at 1.2607 and 1.618% projection of wave C violet is at 1.2550.
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurusd-m30-h4-update_13.html
Please notice 50% Fibo level from last swing is at 1.2607 and 1.618% projection of wave C violet is at 1.2550.
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurusd-m30-h4-update_13.html
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