The market rallied sharply throughout most of the day, in opposition to my previous expectation, forming a nice 5-wave impulse. Usually this sort of developments calls for only a localized adjustment, but in this case I had to shuffle many of the labels to put …
On Friday’s session, Cable unfolded higher in line with the outlook. At this juncture, the advance off wave (iv) green low is in a three-wave pattern, leaving us with two possible scenario. The main hourly count expects Cable to continue its upward thrust while the …
Even though the market spent the day edging upwards, it remained below the proposed resistance line. Looking at it in another way, this recent rally failed to match the preceding decline, even though it took more time to form. This is usually a dependable bearish …
Cable is — so far — tracing out the ending diagonal pattern nicely, The first daily target was reached to the pip before reversing directions and unfolding lower. The main hourly count expects a final thrust up while the alternate count expects sideways consolidation to …
As expected the euro moved towards the upside, reached our target and exceeded it by 9 pips, and then immediately reversed downwards for 125 pips. Given that we were waiting for wave 3 to form a top, this strong decline looks like convincing evidence that …
Cable registered higher highs and the first target was reached and exceeded by 7 pips. We are updating the hourly count according to the latest price action.
By moving above 1.1712 in such a strong fashion, where the market rallied about 125 pips, I find the most fitting count for the preceding movement is that it was a complex double combination in wave 4, which would make the recent rally most probably …
Cable ended the day in the minus column and we continue to look for higher highs to complete the pattern that we are tracking. However, if we are on the right track, the rise should prove limited to the targets mentioned for today’s main hourly …
As expected the euro moved towards the upside, reached our first target, exceeded it by 15 pips, and immediately reversed towards the downside to wipe out most of its advance. There are several reasons to expect the current phase of the uptrend to be over, …
Cable ended Monday’s session on a firm note and it should continue to trace out the ending pattern we are tracking. The main hourly count allows for a corrective pullback before resuming the uptrend.
