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#13991 (permalink)

07-04-2009, 09:11 AM

apipintime apipintime is offline

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Big Mike

Quote:

Originally Posted by Big Mike

In a leading diagonal wave iv enters into the territory of wave i (so called overlap), hence my argument that it is a leading diagonal remains valid, at least IMHO. See the part that I hi-lited in DARK RED and separate line, above.
Plus which, GBP and EUR might differ in details, but they move in principle in unison. Simply speaking, both economies (Europe and the UK, or Swiss, for that matter), are too closely connected; they could not afford HUGE discrepancies.
If GBP moves up, EUR must follow (within reasonable margin)

Can you diagram where waves 1,3 and 5 of your supposed Leading Diagonal are standalone 5 wave impulsive structures? Because I don't see it.

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