Wednesday, May 25, 2011

Euro develops texbook Patterns

The Euro sports some text book IMPULSE-CORRECTION combinations on various levels (Timeframes and degrees). The EURO did this on the way up and now on the way down.

It is important to bear in mind that Impulse- Correction combo's are naturally part of 3 or 5 Wave structures.

3 WAVE Structure (A-B-C): Imp1-Corr-Imp2
5 WAVE Structure : Imp1-Corr-Imp2-Corr-Imp3



Conclusion: We are most likely NOT done yet.

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