Gonna stick with the a-b-c-d-e idea here from DXY, and remain short.
I don't see any huge reason not to. (I though earlier it was gonna blow the top (& the wave count).
A broader thought: is part of the reason for the current 'stuckness' of the majors, because the GU needs to go over 1.7042, it's Aug 09 high in order to fullfill wave theory in an A-B-C, meanwhile the EU continues to largely tread water? If so about 170 pips off. (Being an approx. equitable pair in behaviour - so it's a drag)
BTW the gentle down sloping line & it's reoccurrence ... interesting .... most recently those 3 little tops ... tick tock.
I don't see any huge reason not to. (I though earlier it was gonna blow the top (& the wave count).
A broader thought: is part of the reason for the current 'stuckness' of the majors, because the GU needs to go over 1.7042, it's Aug 09 high in order to fullfill wave theory in an A-B-C, meanwhile the EU continues to largely tread water? If so about 170 pips off. (Being an approx. equitable pair in behaviour - so it's a drag)
BTW the gentle down sloping line & it's reoccurrence ... interesting .... most recently those 3 little tops ... tick tock.
