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finitemonk
Oct 8, 2014 2:52 AM

E Wave 

Euro Fx/U.S. DollarFXCM

Description

Could make coherent sense with what I think PMs, maybe Oil will do... Anyhow, 5 in top left corner is top of full motive, could be A. If the current wave is E, this motive wave just completed could be labelled (a), & there could be what will seem an extra kink in USD X's as the motive is part of corrective. (PMs also seem to have completed a wave).
Right now nothing is clear where to next, a little 'b'? correction underway ...could be a triangle, not clear. Wait for FED minutes tomorrow pm. Some odd pressures in the dollar, & who said the FED won't cut rates, (eventually).
But tomorrow we may sell the news.
(PS - Although I'm looking at it thinking A might be B & so on, and this is a 'c' wave in progress, from the way it's tumbling off.)
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