Complex correction? Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Mar 2, 2014 2:03 PM

The triangle idea did'nt work out. My best count suggest we are in a complex correction.

Look below for alt bearish view

Comments

traderWgun

⋅ Mar 2, 2014 2:09 PM

This is my alt count but I think it is unlikely to play out.

ForceFollower

⋅ Mar 2, 2014 2:11 PM

Isn't the wave 3 too choppy and the wave 4 too deep in this alt. scenario?

traderWgun

⋅ Mar 2, 2014 2:52 PM

Yes, its a diagonal so w4 overlaps with w2. To be Frank it's a bad count
I don't see a good bearish count at the moment.

ForceFollower

⋅ Mar 2, 2014 2:08 PM

Yeah, when a market 'does nothing', it's probably a complex correction. :-) Same opinion about the outlook.