A lot of shorts was triggered thinking that bat is approaching and yes we got nice benefits ,however I dare to say no bat is still asleep and won't be awaken before we reach the wave (5). The move on GBPUSD is a different case.
Comments
smartsociety
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and still I hold my longs.
smartsociety
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Maybe,now we might see the correct movement of this crazy pair.
smartsociety
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I accept your opinion but actually could not fathom it will.I would say that count is the website's not mine I only added 4 and 5 as my projection.Point two is that I do not depend on the waves at all I see this bottom we are in as so strong support area add that it is 50SMA and stochastich in the oversold area plus on VSA System I see strength on weekly chart and selling climax on the daily, drew a trend line and we are still in parallel with it no break.Finally, I thing the heavy wieght CAD reports today will do something :) thanks for your discussion.
7pasos
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With all due respect if you are counting elliott, there are some things you must observe, in the roman labels I cant be higher than III (imulsive waves must show advance in the trend) wave V is the only one that can be lower that the end of III just in a very specific scenario. and if you count part of a movement (like with your red count cant be part of a correction and impulse at the same time. Hope this help you to improve your wave counting.