Cable continues to favor the alternate count and resumed its advance reaching yesterday`s cited target. The recent advances cast the doubt on the idea of a completed fourth wave. Therefore, we are adding an alternate count that allows for further rallies. Main hourly count expects …
As expected the euro continued moving towards the upside, reached our first target, and exceeded it by 22 pips. The market since has been idly hovering around that level. This is all still perfectly in line with our current analysis. Price is apparently forming a …
On Wednesday`s session, Cable continued upwards confirming the alternate count and both targets were reached and exceeded. if the bearish interpretation is correct, the advance from the low of wave 1 blue is proving to be a very deep retracement. Main hourly count expects Cable …
As expected the euro continued moving towards the upside, reached both of our targets, and is currently hovering around our second target. All the indications are now aligned in favor of our current analysis. Price, although still rallying, is clearly moving in a much less …
Cable unfolded upwards invalidating the main count and confirming the alternate count and the first target was reached and Cable fell short of the second target by 11 pips. A revision of the subdivisions of wave iv is in order since there is no evidence …
Although we were expecting upwards movement, the strength and span of yesterday’s rally were a bit of a surprise — one that’s actually giving us great clues as to what the market is doing this week. Seeing this sort of impulsive behavior in this position …
On Monday`s session, Cable traded in a tight range and both counts remain valid. Probabilities of both counts remain almost even and we should let price action determine for us the highly probable count once its confirmation point is reached. Main hourly count expects that …
Instead of moving straight down, the market seems to have favored turning into a double zigzag or a more complex correction. Due to the wide range of possible patterns the market can form, we have to leave the invalidation point as low as 1.1119. But …
Cable continues to create higher highs keeping away from both main count’s and alternate count’s confirmation points. At this stage, both counts expect upwards correction to be corrective in nature. However, they differ in the duration needed to complete that corrective advance. Main hourly count …
As expected the euro first moved towards the upside, reached our first target, and exceeded it by 11 pips. There are some indications which suggest that the rally is complete, but it’s still too early to be sure. The market seems to have formed an …
