Wave analysis EUR/NOK

[Swedish]

Hi guys!

I'm currently counting waves on EUR/NOK. I found a nice head and shoulders pattern and trying to identify the waves now.

As I understood a horizontal triangle can be denoted ABCDE and reflects a balancing force, following a wave 5.

After wave 5 in the building of the HS, we can expect a corrective ABC.
But to me it looks like a horizontal triangle ABCDE. However, this ABCDE can be broke down to a ABC and a new 12345.

Is it possible to count as I have done?

Here is a link instead..
http://i34.tinypic.com/24nkwes.gif

[Journals009]

The Elliott Wave Theory is interpreted as follows:

* Every action is followed by a reaction.
* Five waves move in the direction of the main trend followed by three corrective waves (a 5-3 move).
* A 5-3 move completes a cycle.
* This 5-3 move then becomes two subdivisions of the next higher 5-3 wave.
* The underlying 5-3 pattern remains constant, though the time span of each may vary.