GBBUSD favored the alternate path and the minimum target was reached. Today's main count continues to look for evidence to suggest that an interim bottom is in place. On the other hands, further decline would hint the alternate outlook is on the right track. As always, we will wait for either count's confirmation point to be reached to determine the highly probable count. Read More

Cable continued to drop, confirming the alternate hourly count and the target was reached and exceeded by 8 pips. If the main hourly count is on track, the market should reverse gears and unfold higher from current levels. On the other hands, further decline would lend credence to the alternate outlook. As always, we will wait for either count's confirmation point to be reached to determine the highly probable count. Read More

Cable confirmed the alternate count and the cited target was reached to the pip before reversing gears and moving upward as expected. My confidence in the main count will increase by movement above its confirmation point as we will soon discuss. On the other hand, the alternate count expects that wave (b) is yet to run its course. As always, we will wait for either count's confirmation point to be reached to determine the highly probable count. Read More

Cable drifted lower supporting the alternate hourly count. At this stage, there is no evidence that the countertrend pullback has run its course. Therefore, both counts have almost equal probabilities. As always, we will wait for either count's confirmation point to be reached to determine the highly probable count. Read More

We continue to look for higher to complete the counter-trend advance we have been tracking. Today's main count expects a push higher from current levels while the alternate count suggests that a near-term decline should take place before reversing gears and running higher. As always, we will wait for either count's confirmation point to be reached to determine the highly probable count. Read More

The push higher supports the alternate scenario that an interim bottom is in place and that counter-trend advance should be underway. Today we have one hourly count and we will add an alternate count, pending additional structural development. Read More

Since Cable continues to remain locked in a tight range, let's take the chance to add details to the subdivisions of wave (v) of the main hourly count. The main count expects Cable to continue unfolding lower. While the alternate count expects Cable to unfold towards the upside in a corrective manner As always we should wait for either count's confirmation point to be met, to determine the highly probable count. Read More

Even though the market is yet to provide signs to support the idea that an interim bottom is in place. But the lack of downside follow-through has my attention. At this stage, I am leaning toward the alternate hourly count, however, we should only commit to a given count after reaching its confirmation point. As always we should wait for either count's confirmation point to be met, to determine the highly probable count. Read More

Very little price action to comment here today. To recap, no solid evidence yet to suggest that it has run its course. At this stage, both counts have almost equal probabilities. As always we should wait for either count's confirmation point to be met, to determine the highly probable count. Read More

Cable dipped lower, in line with the ongoing wave (v) green scenario, reaching the cited 1.3239 level. No solid evidence yet to suggest that it has run its course. At this stage, both counts have almost equal probabilities. As always we should wait for either count's confirmation point to be met, to determine the highly probable count. Read More