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