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Figure C1. Wave counting on the daily chart. Variant 3-dz.
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Figure C2. Wave counting on the weekly chart.
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In the framework of scenario 3-dz the supposed correction [X] may be presented in the form of an upward double or triple zigzag W-X-Y-X-Z of (A) of [X].
If this supposition is true the confirmation of completion of wave (Y) of [X] and the development of downward (or horizontal) correction (X) of [X] should be expected in November.
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
November 2, 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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