I have been expecting one more wave to the bottom due o lack of impulsive development and subwave 1-4 overlapse in wave 1 that came after wave B has bottomed.
Nevertheless I have posted an alternative labeling as soon as I got an idea of Leading Diagonal wave 1 possibility. It came out that this idea have not been confirmed and right now we are in VERY bullish situation: 1-2, 1-2 wave progression. This means new high above wave A is in view.
From Monday I will be tracking this idea: buy the dips in majority of euro pairs, they will happen on retracement levels. I will post Trading Plan with motive, entries, stops and takie profit levels on EUR/USD.
Have a good weekend guys and enjoy my charts while they are still free.
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurusd-h1h4daily-weekly-update.html
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