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Thread: Elliot Wave Trading
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  #538 (permalink)  
Old 09-13-2007, 04:26 AM
italm31 italm31 is offline
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Join Date: Jul 2007
Posts: 1,592
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Hey guys,
The USD/CHF looks dangerous close to a bottom as well. The last leg on the 8 hour almost looks like 5 waves down but I count 11 waves on the 4 hour which means we may need 1 more low before its over. The 4 hour RSI is also diverging big time. Also, The euro has gone up for 7 days straight. It almost feels like a min bubble. I suspect traders are Euphoric right now regarding this pair. Also as you recall, I did not suspect the Euro to surpass 1.3948 for a diagonal scenario (post # 479). We made it to 1.3926. Id be ready for anything this morning.
Last edited by italm31; 09-13-2007 at 04:29 AM..
 


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