DislikedEuro dollar is fast approaching what should be a daily support area. I am trying to identify the impulsive Elliott Wave counts in this steep decline and I admit I am having some trouble doing so. If the initial drop to 1.4300 can be counted as wave 1, I will take my chances and hope for some serious resistance in the 1.41 area before some grandiose capitulation.
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The plan is to minimize risk in this move that borders panic, so I am [url="http://www.tradermood.com/post/2011/06/23/euro-dollar-eur-usd-june-23-2011.aspx"]placing...Ignored
Hi TraderMood,
right now, I think, we can see an ending diagonal. In this ending diagonal we are likely in wave 4 up. But the latest up may be already a major wave 4