Possible count

British Pound/U.S. DollarFXCM

Description

⋅ Mar 12, 2014 11:33 AM

Have the market set a significant top?

Look below for alt. view.

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Comments

traderWgun

⋅ Mar 12, 2014 2:46 PM

Alt view

a triple correction followed by another triple correction follow be a 5-waves C-wave to complete wave 4.

mustard

⋅ Mar 12, 2014 1:27 PM

You may be right on lower time frames, since it has been stuck in a consolidation pattern for the past four weeks.

My weekly chart shows a flat topped wedge, with price currently testing a major previous resistance level.

I would not be surprised to see another shot at 1.68, just waiting for today's close and the possible formation of a doji.

traderWgun

⋅ Mar 12, 2014 11:37 AM

Alt view suggests that we are in a triple zigzag and should see more upside above 1.624