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Old 09-11-2004, 06:38   #2 (permalink)
bulls&bearsfx
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bulls&bearsfx has a little shameless behaviour in the past
The overlap of the labeled wave i within (v), are telling us that, we have to keep in mind the alternative counting. This counting shows as a wave (iii) finish in the last high of monday at 1.2985, very close the 1.618 (i) fib relationship. This wave have a simple wave i and ii, iii extended, iv sideways and complex, looks like one bigger degree, and wave v, as says equality guidelines, "waves i and v tends to equal in time and magnitude is wave iii is an extension". Wave v delay five trading days equal at i, and move 0,0329 pips and wave i move 0,309 pips. A perfect Fibonacci relationship. The orthodox bottom of iv is a target for wave (iv) as show.........

See Weekly Forecast Elliott Wave Analysis Here (edited by Matias Menendez Larre)
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