Eur/Usd : No impulsive wave C?

11 août 2015

While the previous count suggesting a wave 3 break of the red trend line where price would be in a 1-2-i-ii now is still possible, a double three (wxy) seems more probable now. The idea is the same, the trend is up, it will just take a little longer since price is looking for a wave x, a deeper correction than what we would see in an impulsive rally. When this wave x is finished look for price to rally to at least the high of wave (w) around 1.1128.