dojitrader
Long

I See 5 Clear Waves Up and 3 Messy Waves Down ~~~~~

FX:GBPUSD   British Pound/U.S. Dollar
268 2 4
Looks pretty clear to me that the potential for another wave Up
is at hand.- classic Elliott Wave - 5 impulsive waves followed
by 3 corrective/overlapping waves.
The 50% retracement @ 1.6745 is also where
A = C and ab=cd right into great 4 hour support
BUT, looking left Cable has almost always corrected .618%.
Probably just to keep traders like me crazy with mysterious
price action. Will it do that again ????
IF, I've spotted it, probably not . . . I'll be looking for it, however.
Candlesticks do your thing ~~~~~~~
Might have to jump in earlier than the . 618 retracement .
***Similar patterns are in the EurUsd             and the inverse in UsdChf***
Very Well (y)
Reply
No sooner than I published this chart and Cable does something
completely different.(Maybe I should have waited until the last minute
to post) So, perhaps we're seeing a flat instead of the zig zag
Or maybe Cable has stopped just below a double top so it can
blast off without me. I'm waiting at the alter for some sign
that the bride is in the building. ~~~~~~
Reply
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