Discussion in 'Forex Trading' started by Wallace, Feb 26, 2006.
Charts for euro, dx and pound.
Can you explain why you have positioned the box labeled "4" where you have it. Why not at the pullback high that proceeded it?
Downrivertrader, the 'pullback high that proceeded it' is the A of a 3 leg ABC Correction presuming there'll be a 5th W down. Generally but not always W3-ABC-4 is the 'complex' formation.
If my count is incorrect the 4 is W1 of a new rally.
Correction: next FOMC announcement for FFRate is Tuesday March 28 at 2:15 EST.
A 'revision' â
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