An Elliot Wave Technical Analysis For GBP Vs JPY

At the moment, I'm looking forward for a potential of bearish retracement trend scenario either to perform corrective wave b in yellow or white. A breakout to the lower red trendline would bolster to this scenario. Otherwise, market may perform a bullish continuation trend scenario in aqua. Good luck.

At the moment, I'm looking forward for a potential of bullish reversal trend scenario refering to the alt count in yellow. A bounce from the FR 61.8% would bolster to this scenario. Otherwise, we may see another bearish continuation trend scenario perhap to perform the incomplete or corrective wave b in white. Good luck.

At the moment, I believe market have good potential to perform a bullish reversal trend scenario either refering to the alt counts in yellow or white. Otherwise, we may see a "bearish trap" pattern in magenta. Advisable to look for a bullish reversal trend entry signal from BSTS 3 later. Happy weekend and good luck.

Preferably, I believe market just performed a "bearish trap" pattern and therefore I'm looking forward for a potential of either a bullish reversal trend opportunity in yellow/white or a bullish retracement trend scenario in aqua. Otherwise, please be careful for any bearish continuation trend scenario. Good luck.

At the moment, I believe market in progress to perform a bullish reversal trend scenario either refering to the alt counts in yellow or white (Inverse HnS). A breakout to the upper green trendline would bolster to this scenario. Otherwise, please be careful for another bearish contnuation trend scenario perhap to perform the incomplete of subwave v in aqua. Good luck.

At the moment, I'm looking forward for further bullish continuation trend scenario either refering to the alt counts in white or yellow. A breakout to the R3 and upper green trendline would bolster to this scenario. Otherwise, please be careful for any breakout toward the pivot critical line.

At the moment, market just falls back from the upper green trendline. Therefore, I'm looking forward for a potential of either a "double bottom" scenario (yellow or white) or a "bear trap" pattern (aqua). Otherwise, please be careful for another strong bearish continuation trend scenario to perform major wave v in magenta.

Favourably, I believe the bearish trend is already exausted. Therefore, I'm looking forward for an opportunity toward a bullish reversal trend scenario either refering to the alt counts in yellow or white. Otherwise, please be careful for any breakout toward the S3 critical line. Happy weekend and good luck.

Preferably, I'm looking forward for an opportunity toward a potential of bullish reversal trend scenario either refering to the alt counts white or yellow. A breakout to the pivot critical line would bolster to this scenario. Otherwise, we may see another bearish continuation trend scenario either in aqua (Bear Trap) or magenta. Good luck.

At the moment, market already at the major upper green trendline. A breakout would bolster toward a bullish reversal trend scenario. Otherwise, please be careful for a possible "pullback" scenario either to perform corrective wave b in white or the incomplete of wave 5 in aqua. Good luck.

At the moment, market already break the major upper green trendline. A further bullish continuation trend scenario would bolster to the alt counts either in white or yellow. I believe market have potential to perform another bullish continuation trend scenario to complete corrective wave a in yellow before a possible of bearish retracement trend scenario to perform corrective wave b. Otherwise, please be careful toward a potential of "false breakout" scenario in aqua. Good luck.

At the moment, I'm looking forward for a completion of bearish retracement trend scenario either refering to the alt counts in white, yellow or aqua. A bounce from the lower red trendline and follow by a breakout to the bullish continuation critical line 1 and 2 would bolster to the alt count in white scenario. Otherwise, I believe we may see another bearish retracement trend scenario to complete corrective wave b in yellow (Fr 50%-61.8%) or aqua ("Double bottom"). Good luck.

At the moment, market just perform a strong bounce from the white/yellow critical line. I believe market in favour to perform a bullish reversal trend scenario either refering to the alt counts in white or yellow. Otherwise, please be careful for any breakout toward bearish continuation critical line 2. Happy weekend and good luck.

Hi,

I have not much knowledge about EW, I only know that market moves in waves.

Is this a possible count ?

as a contracting triangle it would work... but then you would have to re-label your count as ABCDE to avoid confusion... hence it would represent a corrective count...

Your count also can be possible. Try also to think abt other possiblities (Alt count) and dont forget to count also in other timeframe.
----------------------------------------------------------


At the moment, I believe market in progress to perform a bullish reversal trend scenario either refering to the alt counts in white, aqua or yellow. But please be careful for any potential toward either a bearish retracement trend scenario in aqua/white or bearish continustion in magenta. Good luck.

At the moment, I believe market in progress to perform a bullish reversal trend scenario either refering to the alt counts in aqua or yellow. Otherwise, please becareful for any breakout toward the FR 61.8% critcal line. Good luck.

At the moment, please be careful for a potential of bearish retracement trend scenario either refering to the alt count in magenta. A breakout toward the lower yellow trend would favour to this scenario. Otherwise, a breakout to the R3 critical line would bolster toward the bullish continuation trend scenario either in aqua, white or yellow. Good luck.

At the moment, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow or white. A breakout to the pivot critical line would favour to this scenario. Otherwise, we may see another "bear trap" pattern either in aqua or magenta. Good luck.

At the moment, market have to break the pivot and R3 critical line to bolster toward the bullish reversal trend scenario to perform corrective wave c. Otherwise, I believe we may see a "bear trap" pattern either in aqua or magenta before a potential of reversal trend.