Thursday, August 27, 2009

eurusd price broke wave 1 territory

Price broke wave 1 territory, rule says it cannot do that, so we need to relabel the count and treat the latest low as a wave 4.
Now, alternately there is a possibility that the latest low was a wave 1and we are now in a wave 2, but that is the alternate count.
Primary count is that we are in a wave 5, trying to break the high of 4337.

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