Euro came down and tapped a M/A that has held it for a month. I would give it a few more ticks beyond say to 138.62 before I'd call trend break, but even so I count 5 down.
question re Crude: Do you count 5 down from the overnight top? I can make a case for 5 down to this morning's low, but there is a slight overlap of waves 1 and 4.
You've got these MA's nailed! Thanks for the heads up!
ReplyDeletequestion re Crude: Do you count 5 down from the overnight top? I can make a case for 5 down to this morning's low, but there is a slight overlap of waves 1 and 4.
ReplyDeleteI allow a slight amount of overlap for futures markets. The overriding justification is the 5-down Thursday. That and the peak in crude's I1.
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