Wednesday, March 3, 2010

USDX Ending Diagonal Update

 
The USDX may still be completing a B leg of its fifth wave. For this count to stay valid however a sharp move upwards will need to occur very soon, probably within the next session. Price will ideally stay above 8015, and because wave 1 is greater than wave 3 by price, wave 5 needs to be shorter, so wave 5 should not push above 8210.

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