simonbb

simonbb

The Aussie pair has been moving in a flat correction the last few days. I will be keeping a close eye on this pair into next week with the expectation of a minor degree 3 wave rally back into resistance at the 0.75000 handle.

simonbb

Britain has voted today to exit the european union. What will this mean for the top 100 companies? Looking at the larger context on monthly timeframe of FTSE, I can see a corrective elliott wave pattern known as a flat. If this count is indeed correct, an impulsive decline is on the cards in the coming years What do you think?

simonbb

The pair has been trading in a corrective manner last few days in what looks like a textbook flat correction. Five ways can already be counted for wave C. After the completion of the pattern expect a decline in five waves taking out the low of 103.50 Buyers Beware!