WaveTrack International

Elliott Wave Financial Price Forecasting

Euro / US$

by m.tamosauskas| August 3, 2012 | No Comments

Yesterday’s news flow created unique Elliott Wave pattern we would like to share with you.

Last week’s high of 1.2390 has completed the 1st wave within an impulse advance – 2nd wave counter-trend was expected to decline measured to the fib. 61.8% support at 1.2174 prior to an acceleration upwards. The uniqueness of this down-swing is that minute wave 2 as an expanded flat pattern has a smaller expanded flat pattern inside as a minuette [b] wave. An alternate count the coming upswing describes as a minuette wave [c]. In any case it is expected a sharp acceleration phase during the next several weeks. Note: a break below 1.2042 would negate the continued upside momentum.

(Become an EW-Compass report subscriber and see how this pattern continues to develop and what’s coming up in the larger time-series).

 

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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