Down Up Down pdf

[Wallace]

Charts for euro, dx and pound.

 

[downrivertrader]

Can you explain why you have positioned the box labeled "4" where you have it. Why not at the pullback high that proceeded it?

 

[Wallace]

Downrivertrader, the 'pullback high that proceeded it' is the A of a 3 leg ABC Correction presuming there'll be a 5th W down. Generally but not always W3-ABC-4 is the 'complex' formation.

If my count is incorrect the 4 is W1 of a new rally.

 

[Wallace]

Correction: next FOMC announcement for FFRate is Tuesday March 28 at 2:15 EST.

 

[Wallace]

A 'revision' —

 

[Wallace]

update

 

[Wallace]

update