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Figure E 1. Wave counting on the weekly chart. Variant 3.
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In the latter article the explanation why scenario v.3 considered previously is preferred at the moment. In the framework of this scenario upward impulse 3 of (3) of [C] may be forming.
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Figure E2. Wave counting on the daily chart. Variant 3.
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Wave counting on the daily time frame doesn’t rule out the completion of wave (iii) of [v] of 3. If this is the case correction (iv) may last till the second half of April.
The critical level is the ending of the supposed wave (i) of [v] of 3 (1.4822).
For more detailed wave counting on smaller time-frames and parameters of possible trading plans refer to daily reports.
Reference
Dmitry Voznuy
forDmitry@yahoo.com
March 30, 2008
When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
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