Friday, December 14, 2012

GBP/JPY H1 Update

Either:
wave 4 was qucik and shallow Irregular Flat correction ( rule of alternation to wave 2 apply here perfectly) and next five waves are the final push to the upside and the top for big  wave 3
or
latest five waves to the upside are just the first wave of larger wave 5 to come.

Any move higher or lower the current swings will invalidate one of the counts.


Take care,
Seb




Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpjpy-h1-update_14.html

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