Wednesday, March 3, 2010

No Drastic Change

Although the pair is pushing up higher than I anticipated, it still has the chareteristics of a flat/zigzag double correction. I think it is likely that the move could continue up as far as 1.5200 before resuming the short. Here is my current labeling (by the way, I know that the degrees labeling is not necessarly correct but that is a small issue. If you understand wave principal this should not a big deal)


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