ABC Pattterns (see here for more explanation) is a corrective pattern that interludes btw impulse waves. In the Euro case one could see the possibility that this ABC, which corrects upwards could be followed by another Impulse down. The beauty here is that this situation should resolve one way or the other within the next couple of hours....
Tuesday, February 2, 2010
The Euro is sporting a beautiful A-B-C Pattern...which is a corrective Pattern
ABC Pattterns (see here for more explanation) is a corrective pattern that interludes btw impulse waves. In the Euro case one could see the possibility that this ABC, which corrects upwards could be followed by another Impulse down. The beauty here is that this situation should resolve one way or the other within the next couple of hours....
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