increase SHORT NZD

I have just increased my long position on GBP-NZD
http://bp1.blogger.com/_6nTmMn9wzb4/...ort+elliot.JPG

new economic cycle for NZD

it's the last hope for this country to not fall in a heavy recession

(I think)

Bye

hi belumat

interested in elliot count , is it not unusual to have a triangle as a wave 2

in my eyes more likely to be a wave 4 with the possibilty of an e wave overshoot before reversing

please dont feel im criticising im just always interested to learn ,

no problem mate

Elliot is a wild beast ! It s hard to tame.
you can think about a triangle in a wave 2 (mostly)
what you have to pay attention is that in an impulsive movement wave 2 and wave 4 are usually interchange so.....
in this case we should see a simple (a-b-c) for wave 4 in the next month...

(this is my experience)

bye

Hi All

Belumat

No disrespect, because I am not an EW expert, but
from my readings on EW I always thought triangles
were generally found in B waves and wave 4's (impulsive).....

My question in that case would be - could the triangle you
display be wave B?

regards - arco

you could be right Arco.

I was thinking the same when I look at the graph the first time (a-b-c), but then .....

It's the hardest part of Elliot Wave Theory when you have to decide if it's a inversion or a new impulsive movement after a long time...
Not always after a 5 impulsive wave you can find a normal correction (A-B-C)
The border line between them it's really thin....

Hopefully being clear

Bye