Elliott Wave Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Revised short term Elliottwave structure suggests decline to 125.74 ended wave W. Up from this level, wave X bounce is unfolding in a double three structure where wave (w) ended at 128.17, wave (x) ended at 126.59 and wave (y) of X is in progress. Short term, while pair stays above 126.59, and more importantly above 125.74, expect more upside towards 129 – 129.57 area to complete wave (y) of X. We don’t like buying the proposed bounce and expect sellers to appear from the above area for at

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