Thursday, February 17, 2011

EUR/USD E-mini - February 17, 2011 - 15 minute candles. My count on the recent up-move . .


All the pieces of the puzzle should be in place, a "double 3" combination correction (Zigzag-Flat), terminating almost precisely at the Golden Mean (.618 fib).  In theory, it seems perfect.  Let see if the top is in . .

Seriously, I can't find any kind of impulsive count to go with the upward movement in the EURO starting at 1.343.  Its overlapping, sloppy, erratic, and choppy.  This is what corrective structures look like.  I don't see how this upward movement can be interpreted as the resumption of an uptrend, although, if price manages to move up beyond 1.37457, I'll be forced to produce a bullish count somehow . .