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Sunday, August 28, 2011

US Dollar update

I've redrawn the minute and minuette degree labels since my last post. 
Over the next couple days, we'll know pretty quickly if this count is on target or not.  My assumption is that we are carving out a triangle for subminuette degree iv.  The final leg of the triangle, micro degree wave ((E)) up should begin as soon as the market opens tonight (Sunday night).
Assuming the minuette degree forecast comes to past, we still need to complete the fifth wave down of minute degree.   The whole formation shown on the minute degree chart (upper - daily) could only be an (a) wave of the (a)-(b)-(c) needed to complete minute degree ((v)).


Posted by Waverunner (FractalTrader) at 8:07 AM

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Notation


Wave DegreeMotiveCorrective
Grand Supercycle((I)) ((II)) ((III)) ((IV)) ((V))((a)) ((b)) ((c))
Supercycle(I) (II) (III) (IV) (V)(a) (b) (c)
CycleI II III IV Va b c
Primary((1)) ((2)) ((3)) ((4)) ((5))((A)) ((B)) ((C))
Intermediate(1) (2) (3) (4) (5)(A) (B) (C)
Minor1 2 3 4 5A B C
Minute((i)) ((ii)) ((iii)) ((iv)) ((v))((a)) ((b)) ((c))
Minuette(i) (ii) (iii) (iv) (v)(a) (b) (c)
Subminuettei ii iii iv va b c
Micro((1)) ((2)) ((3)) ((4)) ((5))((A)) ((B)) ((C))