The WoRmHoLe

Stop amended

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Done

Is it ok if I share delta counts in here for cable?

posting them elsewhere is a complete waste of my time. as always some wish to be right not taught and learn

Tmac, please feel free to post. Your analysis will be greatly appreciated.
Fire those delta charts up

here are the latest charts

The last line of defense for triangle wave 4 is that resistance line currently at 47188 (high of today). If it is taken out and 4770 is also taken out, then it's over.

At this point, I think there's a very good chance it's going to be broken soon, if not today, then probably tomorrow.

I am still learning this but it is awesome once you get the hang of it, very accurate within a few days

I agree with the projected targets you have tm. I don't have deltas but I'll post up my daily chart that I have at home later. Don't have it here at the office atm. I'm going off now. Be back in a bit, catch you later. Trade safe!

if we break 4770, we are on the way to complete ITD 6.

Here's the Delta logic:

Since MTD 10 is confirmed IN due to ITD 4 is higher than ITD 2, this means that ITD 6 must be higher than ITD 4. So ITD 6 must be higher than 4770.

Since LTD 14 is also confrimed IN due to a series of higher MTD lows (MTD 8 and MTD 10), this means that MTD 11 must be higher than MTD 9 (higher than 4985).

If you notice, I put a question mark for MTD 11 at ITD 6. This is because Delta rule is: If MTD is pointing up, there could be at least 1 ITD high point, but no more than 3 ITD high points between MTD. So if MTD 11 arrives together with ITD 6, this means that between MTD 10 and MTD 11 there are two ITD high points (ITD 4 and ITD 6). But Delta rule makes it possible to have one more ITD high before MTD 11 arrives. In other words, MTD 11 could have arrived at the latest with ITD 8.

Same rule with LTD. As LTD now is pointing up (LTD 14 is IN), this means that we can have at least one MTD high, and at most 3 MTD highs.

Does MTD 12 have to break below MTD 10?
NO it does not have to. MTD 12 only has to break below MTD 10 IF LTD 13 has arrived together with MTD 12. But LTD 13 could have arrived at MTD 13 instead. As per the rule above, in between LTDs, there could be 1 to 3 MTD highs. At the position of MTD 12, LTD 14 low only has MTD 9 high and MTD 11 high (2 MTDs), so it's possible to have one more MTD high before LTD 15 is IN.

To check which one is more plausible scenario (whether MTD 11 should be due together with ITD 6 or with ITD 8, or whether LTD 15 should be due with MTD 11 or with MTD 13), we use a different Delta chart (Delta MTD chart and Delta LTD chart).

The chart that I always post is only the Delta ITD chart.

Sorry if it seems confusing. The system is a quite comprehensive, and it complements EW a lot. I hope you can understand what I am saying.

For all twenty-five commodities, which include over 200 years of observing the Delta phenomenon, the average accuracy for all Intermediate-term points is as follows:
[1] 51 % of the time the projected Delta turning points will occur within two days of the projected day.
[2] 68% of the time the projected Delta turning point will occur within three days of the projected day.
[3] 81% of the time the projected Delta turning point will occur within four days of the projected day.

The average accuracy rating (AR) for all Delta intermediate turning points is 27. This means that the average distance of every Intermediate-term Delta turning point from the projected date is 2.7 days.
I know it sounds incredible to make the statement that all Intermediate turning points in the future will maintain this accuracy. I was convinced of this only after researching this phenomenon over two hundred years of daily data and over three hundred years of weekly and monthly data.

it is the same for forex

Tho, I do not work around a very extensive system, I do share a similarly identical outlook to tmac regarding the next possible target should the current level give way. Depends on how the daily close today, if it does close as how it is now, we could just go through this roof tomorrow. Good luck

I wont call a top, only possibilities of trades...

Just like before, break the triangle towards the topside, bullish continuation.
Break below will be a good opportunity to short. Being stuck in the triangle, step aside, and we try not to trade the bottleneck. Good luck

At the moment we are looking for a breakout for a direction. Breakout towards the upside will most likely bolster bullish continuation & break downwards will probably be a good short oppotunity. We are range bound between 145 level to 147 until the direction is confirmed.
Good luck

Azim my friend... great stuff as usual from you. you've become somewhat of a celebrity among certain circles. Impressive chart analysis... simple and effective.

Wb, I agree with you but I favour south - there also a nice H4 pin.

Gabe : thanks for the kind words brother

stew : nice one mate But I don't pick sides tho, although my longs are still intact. Still could go either way really methinks. This is the daily chart.
Good luck to you my friend

The lower TL on your dayly chat is not technically significant. Any TL that has been crossed by price at any place becomes invalid

And we're still waiting ..
Those who are still keeping long should prolly keep doing so. Definitely not worth calling tops too early. Let the novices do that
Anyway, good luck

Lets talk harmonic.... oh noooooo!!!! LOL

The thing is basic, working whit fibs ratio.... so new....

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Z pattern do a 100% move then correct max 88.6% then extend 1.27/1.414 or 1.618% (sometimes a little more).

W or M pattern do a 100% move then a correction of maximum 88.6% but are stop on the return at the top/bottom of AB move around the 88.6 or 78.6%, stoping any extension.

So why am i talking about those "boring" thing?!? Because cable after that kind of rally can see a correction...

We had a 100% move making a double top, what can we expect....

1-Correction of max 88.6% or less like 38.2%
2-Extension of 1.27 or more

Sound so easy... LOL

Later all!

... Need I say more?
But, we're still long atm. Good luck.

Dennis made me look.
Watch the highlighted blue level. Break below will likely be a good place to short & buy back the dip at 4500 support which is at the lowest tl.
Good luck.

My outlook on GBPUSD...

Looking to buy around 4500-4455

1hr Time frame chart.