paweld

Waiting for cycle end

FX:GBPJPY   British Pound/Japanese Yen
221 0 0
We are presently watching end of intermediate cycle - 5 waves impulse has possibly reaching now the bottom of (4) th             wave - price has reached range of (2) nd             wave and 161,8% of A/1 wave. I am expecting here to start wave (5) to reach new highs next week.

Next scenario is after breaking out current (4) th             wave bottom level (155.619) to reach (1) st             wave top, 38,2% ret. of higher frame cycle ((1)) - ((2)) - last levels to end ((4th)) wave.

Last scenario is after braking out 200% or A wave (154.01) that will show us new short term 5 wave downtrend (A = 1, B=2, C=3), which could decrease price to new lows (((2)) bottom).
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out