Sunday, October 17, 2010
With futures down about 8 pts tonight and the EUR/USD looking like it may be in a wave 4 pullback (daily MACD sell signal), this alternate count above is one to watch.
Wave Y of (2) may still be in progress and the triangle was only wave b of Y. Wave c of Y down would target 1162 if c=a.
One thing that concerns me with this option is the trendline breaks that would occur. It may very well signal that minute [iv] is in progress.