Euro forecast as of 10/27/2009

EURUSD – Although market dropped,  Elliott is still showing  “Double Zig-Zag” (DZ) 3rd wave in the range of 1.5496 – 1.5909 between September 2nd and October 26th .

Continuous move down will most likely trigger a forecast where DZ is done and new wave down has started but until such confirmation, there is no such certainty.

EURUSD5_091027_Blog

Double Zig-Zag is a three wave pattern, where 1st and 3nd wave is Zig-Zag and the 2nd wave is corrective in nature.

Other Links to this Post

  1. Frankie — June 11, 2010 @ 11:22 pm

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