"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)


Saturday, October 27, 2012

Intermarket Analysis: DAX and EURUSD

DAX
 
Also the German Battleship seems at the end of the bull cycle, perhaps a last bullish attack at the tops (8000-8150) and then it's likely a dip.
Only my 2°Alternate count (2°Alt:) is bullish as long-term view.


 
EURUSD
 

Preferred count: temporary sideways pattern, then a new bullish wave up at least to 1.35
 

 
 
Have a great weekend!
 
ElwaveSurfer

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1 comment:

  1. AnonymousOctober 28, 2012 at 5:35 AM

    Your wave (b) green is a clear 5 waves impuse on m30 or H1 TF. It can not be a corrective wave then cos they are all 3 waves.

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