Daily Wave Analysis December 2, 2008


for example, forex

Variants of possible ending of another round of the US dollar’s strengthening were considered in Monthly-1208.

1. EUR/USD

For survey wave counting of EUR refer to Monthly-1208 and to the article Possible Depth of the Decline .

Figure 1. Wave counting on 480 min chart. Variant 3dz.
Figure 1. Wave counting on 480 min chart. Variant 3dz.

Figure 2. Wave counting on 120 min chart. Variant 3dz.
Figure 2. Wave counting on 120 min chart. Variant 3dz.

It isn’t ruled out that the downtrend is developing in the form of impulse 1-2-3-4-5, not a zigzag. In this case it isn’t ruled out that at the moment wave 4 is developing.

2. GBP/USD

For survey wave counting of GBP refer to Monthly-1208 and to the article Possible Depth of the Decline .

Figure 3. Wave counting on 480 min chart. Variant 1.
Figure 3. Wave counting on 480 min chart. Variant 1.

Figure 4. Wave counting on 120 min chart. Variant 1.
Figure 4. Wave counting on 120 min chart. Variant 1.

Probably the downtrend is developing in the form of impulse (i)-(ii)-(iii)-(iv)(v), not a zigzag. In this case it isn’t ruled out that at the moment wave (iv) is developing.

3. USD/JPY

For survey wave counting of JPY refer to Monthly-1208 and to the article Possible Depth of the Decline .

Figure 5. Wave counting on 480 min chart. Variant 3dt.
Figure 5. Wave counting on 480 min chart. Variant 3dt.

Figure 6. Wave counting on 120 min chart. Variant 3dt.
Figure 6. Wave counting on 120 min chart. Variant 3dt.

The current wave construction allows several variants of counting the most probable of which is given on charts. If the supposition is true correction B of (B) of [5] is close to the completion.

4. USD/CHF

For survey wave counting of CHF refer to Monthly-1208 and to the article Possible Depth of the Decline .

Figure 7. Wave counting on 480 min chart. Variant 3dz.
Figure 7. Wave counting on 480 min chart. Variant 3dz.

Figure 8. Wave counting on 120 min chart. Variant 3dz.
Figure 8. Wave counting on 120 min chart. Variant 3dz.

It isn’t ruled out that the uptrend at the moment is developing in the form of a diagonal triangle [i]-[ii]-[iii]-[iv]-[v], and not an impulse. In this case it isn’t ruled out that at the moment wave [iv] is developing.

Note


Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.


Reference


Dmitry Voznuy
forDmitry@yahoo.com

December 2, 2008

When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.




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