EverythingForex
Panjang

GBPUSD: Post BoE Wave Count: A Different Way To Look At It

FX:GBPUSD   Pound British/Dolar U.S.
305 1 4
What you see here is my update wave count as to what could be happening. Wave 2's can be notoriously difficult to count since the PA can be very convoluted. Especially when it comes to expanding patterns. They can be very hard to see unfolding until nearly the very end when the "AHA!" moment hits you.

What we have here is a "V" Reversal pattern. V reversals are typically inverse H&S patterns. One aspect of V reversals is that both shoulders tend towards symmetry. In this case, there is a expanding triangle pattern on either side of the V. On the left side expanding triangle, you see what happened after the triangle completed. This can be expected on the right side as well. In either case, unless the count is completely wrong, I don't see any way that prices could continue to the down side from here. At least not for the near time. Maybe after the NFP, it's possible. Again, should prices go down more and break the (2) point ( XX             point of the Gartley ), then my current wave counts will be invalidated and I will need to re-evaluate what is happening from the ground up.

Markets are already hard to predict. More so before the NFP.

This is just another way I have of looking at the chart besides the usual ways. Take it for what it is.
Performance Summary & Public Trade Log: http://bit.ly/29AeqnC
Sep 18th Weekly Indexes newsletter: http://bit.ly/2w2ODMH (FREE Access)
Want results like this? Join us: http://bit.ly/29x4bfM
thank so much
Balas
Malaysia
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
简体
繁體
Laman Utama Penapis Saham Pengesan Isyarat Forex Pencari isyarat mata wang Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Sokongan Layanan Keutamaan Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Sokongan Layanan Keutamaan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar