It looks like finally EURUSD has reversed for the 4th wave.

According to my observations, fifth wave is usually over around 76.4th-88.2th Fibo expansions of 3rd wave. We can see also divergence. Most probable retracement is toward 38.2th level. I' d like to see the retracement toward 50th level - around the end of iv in 3.

eurusd.gif 

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Comment by Jacobson MAthew on June 3, 2012 at 7:21am

lets see your chart. & then understand what you are tring to convey

Comment by Alex Zalts on June 3, 2012 at 7:27am

These are Elliot waves. Ask me what is unclear, and I'll explain my calculation.

Comment by Alex Zalts on June 3, 2012 at 8:07am

Just click the link eurusd.gif and you'll see the chart.

Comment by Manish Patadia on June 3, 2012 at 1:01pm

where is asad rizvi

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