An Elliot Wave Technical Analysis For Gbp Vs Jpy

[Jebatfx]

At this moment, I'm looking forward for an opportunity for a bearish retracement trend to perform a corrective wave b with condition a is already completed (yellow). But please be careful for any bullish continuation trend to complete an extension of corrective wave a. Good luck.

 

[Jebatfx]

Preferebly, I'm looking for a completion of corrective wave a befoe expecting for a bearish retracement to perform the corrective wave b (yellow or white). Due to the breakout to the major bullish continuation critical line 1, therefore favourably the alt count in magenta is already invalid. But only a further true breakout would confirm the bullish reversal trend scenari. Therefore, please confirm from BSTS either corrective wave a is already completed (yellow) or still in progress (white). Also, please be extra careful since we may see another bullish continuation to perform an extension of corrective wave a scenario (white) before expecting for any retracement. Please be noted that there will be NFP announcement tomorrow. Good luck.

 

[Jebatfx]

At this moment, I believed market in progress to perform the corrective wave b (white or yellow) before expecting for another bullish continuation to complete corrective wave c. This scenario would still valid as long the bearish continuation critical line 1 is remain intact. But please be careful for any breakout to the white/yellow critical line. Good luck and happy weekends.

 

[Jebatfx]

At this moment, please be noted that the alt count in yellow is already invalid. Therefore, I believed market in progress to perform corrective wave b in white. Advisable to look for a bullish reversal entry once wave b is completed from BSTS later. But, please be extra careful for any bearish continuation referring to the alt count in magenta. Also please be aware for any bearish trap scenario later. Good luck.

 

[Jebatfx]

At this moment, I believed market either in a bullish reversal trend to perform corrective wave c in white (double bottom) or a bullish retracement trend to complete subwave iv in b (triple botom) referring to the alt count in yellow. But please be careful for any bearish continuation trend. Therefore, please confirm which alt count is more favourable from BSTS later. Good luck.

 

[Jebatfx]

At this moment, I believed market just performed a bearish trap scenario to complete subwave iii and I'm looking forward for a bullish retracement trend to perform subwave iv and v in b (yellow). But please be careful for any subwave iii extension scenario. Good luck.

 

[Jebatfx]

Preferably, I believed market in progress to perform subwave c (cyan) in iv before expecting for another bearish continuation to perform a truncated wave v in b (yellow). But, please be careful for either a bullish reversal trend (white) or a bearish continuation trend scenario (magenta). Good luck.

 

[Jebatfx]

At this moment, I'm looking forward for a bullish retracement trend to perform subwave c (cyan) in iv (yellow). But please be careful for any bearish continuation to complete wave v in magenta or a bearish trap scenario. Good luck.

 

[jeffsmith]

Nice supposition of the market friend thanks for the analysis and report.

 

[Jebatfx]

Nice supposition of the market friend thanks for the analysis and report.

u're welcome mates. Happy trading.

Preferably, I believed market in progress to perform wave iv either in abc (cyan/yellow) or a diagonal triangle abcde pattern (magenta) before expecting for another bearish continuation to perform wave v (truncated or impulsive). But please be noted that. there is an opportunity that market is already in bullish reversal trend referring to the alt coun tin white. Please monitor for any breakout towards the critical lines and trendlines. Please confirm from BSTS later. Happy weekends and good luck.