Gbp/Usd
Short-term view ......
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Short-term view ......
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Elliott Wave Trading by Ayax 2,101 replies
Elliott wave trading 94 replies
elliott wave trading channel 22 replies
Group Trading based on Elliott wave and Harmonics 0 replies
Elliotters..Elliott Wave Trading 9 replies
DislikedRight now,
This it how it looks to me.
Atleast this is what I'm expecting over the next couple weeks.
If PA kept going south or failed to bounce at any of the expected points along the way,
I'd be inclined to think the drop could be more pronounced. Especially if the 134 handle gave way.
The 138 has to break first and I think it will.
Only I think there will be an attempt to make the break a softer landing
and keep the ping pong game going for a while if possible.Ignored
DislikedI aware that the current popular count for EURUSD daily and weekly is that the price is moving in wave-C swing. Which means the price will resume down trend soon by end or wave-c. While I do not exclude this possibility. I continue to look at the bullish count (or one of the bullish counts).
Here my weekly chart update. Comments are welcomeIgnored
DislikedGood chart & hope bull will not run that far. I think the last Wave 1 will end as wave 5 or D represent the turning point very big bear set up ( AB=CD) but can go up also to form bat or butterfly pattern & ABC correction down start thereafter .
fontuIgnored
DislikedHi fontu, I see what you mean. But as far as I know, in AB=CD pattern, C should retrace 38%~78%, isn't it? (but in our case, C retraced about 90% of B in the E/U weekly chart).Ignored