GBPUSD- Shorter Timeframe looking B-Wave till 1.3395-1.3400

FX:GBPUSD   British Pound / U.S. Dollar
293 5 11
In B-Wave Triangle -its opening up as again A-B-C sequence where A- Wave just made a low@1.3235 --It looks like leading diagonal in A- Wave which will be retraced deeply in B-Wave till 80-90% & can reach 1.3395--1.3400 but should fail to take out high@1.3445 so later it will fall in C-Wave             which will be sonic             wave -will create tremors downside.

Previous Update
GBPUSD- A possible Triangle in B-Wave (Biger Time Frame)
Trade active: 22:55 Hrs- IST-12th Sep2016- This up move which started from 1.3235 lows likely will develop into an A-B-C sequence again of which A -Wave High we just finished -B-Wave has started, shall retrace but should go below 1.3235 lows -finally shall give upside C-Wave till 1.3395-1.3400 with critical support level at 1.3245
Comment: 23:00 Hrs-12th Sep2016
B-Wave, which has started from recent high@1. 3346 should not go below 1.3235-which will be our critical low.
Trade closed manually: Sorry no more updates
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Nice, but, why do you supposed will be a triangle?
Since bottom@1.2789 -it moved impulsively to high@ 1.3480- from 1.3480 high -it is simply 3 waves down in a- small wave then a bounce that too also 3-waves high was 1.3445-which gave b-wave -now we are in c-wave (this c-wave is also getting divided into A-B-C wave so I said likely we will go close to 1.3445 but should not go beyond then I will get A-wave from 1.3445 to 1.3235 & bounce in B-wave close to 1.3445 -then fall in C-Wave which will be sharp -to complete c-wave in B-Wave Triangle -that looks more probable in shape -I can fit my counts - I hope I am not confusing you.
AbhishekHSinghCMT AbhishekHSinghCMT
sequence of repeating 3-waves happens in triangle which I will become 80% sure once it falls to 1.3000 handle & bounces back again upside in d-small wave then fall again e-small wave to complete 5 waves for B-Wave Triangle -Then finally upthrust in C-Wave to complete ii-wave
bolsistico AbhishekHSinghCMT
ok my friend, good work!!
Looks good on this one too! Good luck
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