EverythingForex
Long

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

FX:GBPUSD   Britisches Pfund / US-Dollar
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
Antworten
Deutschland
United States
United Kingdom
India
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Priorität-Unterstützung Bitte um Kennzeichnung Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Priorität-Unterstützung Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden