This week the pound unfolded towards the downside as expected and the main count`s confirmation point was reached.
This week`s count expects upwards corrective movement to complete a fourth wave of micro degree before reversing directions towards the downside within the fifth wave.
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GBPUSD – Cable: Upwards Correction Before Downtrend Continuation (1-Nov-2013)Read More »
GBPUSD 1st November, 2013 Read More »
As expected last week the euro made a significant top and suddenly fell over 300 pips in a very impulsive movement.
We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.
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EURUSD – Will the Euro Continue to Fall? (01-Nov-2013)Read More »
On the first day of November the euro grew even weaker against the U. S. dollar. Today we’ll review the pattern that has develop and see whether it calls for more weakness or a trend reversal.
Both of our counts expect similar price action during the day, but they differ in their expectations for the rest of the week.
We’re updating both main and alternate counts to reflect the most recent price action and to present tighter targets and invalidation points. And as usual we’ll use each count’s invalidation point as confirmation of the other count.
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GBPUSD 31st October, 2013 Read More »
On the last day of October the euro experienced remarkable weakness against the U. S. dollar, causing the pair to fall 200 pips, invalidating our main count and leading us to include another possible scenario.
Both of our new counts expect similar price action during the day, but they differ in their expectations for the coming week.
We’re updating both main and alternate counts to reflect the most recent price action and to present tighter targets and invalidation points. And as usual we’ll use each count’s invalidation point as confirmation of the other count.
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