KNOW WHAT OTHERS DON'T
Welcome to my Market Directions ramblings.
I mainly focus on Major Forex pairs.
The idea is to grasp Intermediate to Longer term market moves.
I use different aspects of Technical Analysis and I take into consideration economic news data, but just in conjunction with my technical analysis.
Comments and criticism are welcome as long as they are constructive and will help both readers and me to improve our understanding of markets moves.
Friday, March 10, 2006
Wave impressions
Thought I’d throw up a chart I have running in the background with the two predominant views, and ask a question for you Elliott Waveticians.
One of the points that was brought up in the Videos was the fact that reversals start with impulsive/motive waves, and that appearance has a lot to do with nomenclature.
Looking at this, maybe it’s just me but this euro fall from the start of last year, looks impulsive?????
I know there are many counts regarding this as a corrective wave, and using the old adages “you can’t tell a book by it’s cover” but “if it looks like a flower and smells like a flower, chances are it is a flower, ummm - motive wave? :)
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