Archives for November 2013

On Thursday`s session the pound unfolded towards the upside as expected and the specified target was reached and exceeded by 19 pips. We are updating the main count according to the latest price action and as well adding an alternate count which expects further upwards movement on Friday`s session. As always we will wait for either count`s confirmation point to be reached to determine the highly probable count. Read More

On Wednesday`s session the pound unfolded towards the upside confirming the alternate count and -so far- the pound fell short of the first specified target by 23 pips. We are updating the main count according to the latest price action and as well adding an alternate count which has almost equal probabilities as the main count. We added tight invalidation points and targets for both main and alternate counts and as always we will wait for either count`s confirmation point to be reached to determine the highly probable count. Read More

On Tuesday`s session the pound continued its bound sideways movement leaving both main and alternate counts valid. We are updating the main count according to the latest price action and it should be noted that the probabilities of the main count is decreasing as the pound is getting close to its invalidation point. We will wait for either count`s confirmation point to be reached to determine the highly probable count. Read More

The main hourly count`s confirmation point was not reached and the pound moved towards the upside invalidating the hourly count. As mentioned in today`s video analysis the possibility of a third wave down is present and therefore we are modifying the subdivisions within wave (1) aqua according to the latest price action. As always we will wait for either count`s confirmation point to be reached to determine the highly probable count. Read More

On Monday`s session the pound unfolded towards the downside as expected and the main count`s confirmation point is yet to be reached, we are updating the main count according to the latest price action and as well adding tight invalidation points and targets. We will wait for either count`s confirmation point to be reached to determine the highly probable count. Read More