XBTEUR 1h chart: short term analysis 20121224
Updated
Since we're in a big Flat correction, this final C wave of the big flat is a 5 wave up:
This analysis only about the 5 waves up.
Currently we're in wave C of wave 3 of the 5 waves up.
Wave 3 in itself is divided in sub (abc) waves.
The (abc) positions indicate the theoretical targets of each sub-wave. The rectangles indicate the maximum and minimum prices per sub wave.
However, no time analysis has been done. Thus do not consider the width of the rectangles nor the positioning in time of the waves.
This analysis only about the 5 waves up.
Currently we're in wave C of wave 3 of the 5 waves up.
Wave 3 in itself is divided in sub (abc) waves.
The (abc) positions indicate the theoretical targets of each sub-wave. The rectangles indicate the maximum and minimum prices per sub wave.
However, no time analysis has been done. Thus do not consider the width of the rectangles nor the positioning in time of the waves.
Order cancelled
This analysis is profoundly flawed. An update will be posted shortly.
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