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Figure E1. Wave counting on 720 min chart. Variant 3dz.
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Figure E2. Wave counting on the weekly chart.
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In the framework of scenario 3-dz the supposed correction [X] may be represented in the form of a downward double zigzag (W)-(X)-(Y) of [X].
If this supposition is true the confirmation of the completion of wave (W) of [X] and the development of upward (or horizontal) correction (X) of [X] may 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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