[Alex Smith]

At the W1 chart of the pair there is the revised version of wave «{с} or {iii}» development.

Unfortunately the events of the previous week did not affirm my version of Terminal Impulsion’s development within wave [C]. Considering over the causes of such a mistake I have understood that there were not alternative variants that claimed my attention. Nevertheless the result of long researches for the formation of the existent version is a compromise during the search of minimal contradictions using the methods of wave analysis but I am not sure that the current version of marking will not be revised in future. This situation does not add the certainty to plan trading operations but it allows to remind the principles of “Extra possibilities” with the statement that when the same data rows can be interpreted by more than one absolute acceptable wave figure the market should be closer to the center of bigger Elliot’s configuration. Though the current situation and the critical method of analysis of forming wave figures did not bring me various possible variants but the result actually was in phase with the principles of “Extra possibilities”. Though this moment is not a serious approval or argument in this situation being very important not because of certainty of marking correctness but possible continuation of rate rise.
Taking into account the fact that during the analysis we found many shades and observations the main critical moments for planning trading operations can be the following observations:
-The development of Terminal Impulsion corresponds to the scenario of extension in the third wave with a great possibility of failure in the fifth wave according to the scenario of NeoWave figure. In this case the variant according to which wave [iii] will not exceed 1.618 with respect to wave [i] (1.5200) is more logical but there is also the uncertainty concerning the fact that wave [iii] has actually realized its “rate” by amplitude. And the development of [iv] wave with the overlap with [ii] wave is a risk that does not allow to keep confidently opened long positions. The sole argument in favor of preservation of long positions is the relatively high bullish potential of [ii] wave that allows to assume that 1.382 will be taken out (1.4940) by wave [iii] in respect of wave [i].
-In this case the duration of wave [ii] can not be more than that of wave x[iii]. This temporal guiding line is very distant but taking into account the clearness of boundary amplitude and time allows to be faultlessness oriented concerning the actuality of existent version.
-Terminal Impulsion with the extension in [iii] wave by type of NeoWave figure assumes the failure in [v] wave of Terminal according to which wave [iv] will have quite long duration and low dynamics in respect of all segments of Terminal. But till the moment wave [v] approves oneself and with the absence of any confirmation about wave [iii] completion the planning of long-term sales is the high risk venture.

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With respect,
Alex Smith
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