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Elliott Wave weekly picture – 07-10-16, charting the turning points ahead
The elliott wave weekly picture analyses Gold, the Dow jones and the three major Dollar cross rates, all from the perspective of an Elliott wave trader. With both the medium and short term counts shown in the charts, it will give you a good grasp of what we believe are the most likely Elliott wave counts in each market. During the week I had been tracking the progress of a corrective move called a contracting triangle in the EurUsd. The action had suggested at numerous points that the correction was ending only to extend further, This extension in a corrective move really only mirrors the mood of an undecided market, ... (full story)