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Old 28-06-2006, 05:56   #4256
Xaff
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Re: Trading Eur/Usd with uncle Elliot

Kind traders!

I don't mean to destroy the myth of Big Mama, I really don't. I also would like her to happen in order to make great pips, but I just can't see the 5 wave down from June 21 to 23 that would be needed for having W1of3. More than that I also don't think the overall EUR bull trend is yet over. I believe the decline after June 5 high is part of a correction that will eventually take price higher. I would say short term bearish, med-long term bullish. I'll attach my view as a picture, it should say more than a 100 words. Please ask, should something not be clear.

Have a safe trading day!
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