An Elliot Wave Technical Analysis For Gbp Vs Jpy

[jiwo kacau]

Please analyse my latest updated chart and favourably I'm looking forward for a bullish continuation referring either to the alt counts in white or yellow. Please be noted that this scenario would be invalid if there is any breakout to the white/yellow critical line. Otherwise, market may going further down to complete corrective wave b according to the latest alt count in magenta. Good luck.

sib baik den leh fhm bullish tu..... :">

 

[Jebatfx]

Maaf saudara, letih nak translate BM, hehe... pastikan u cuba belajar basic ttg elliot wave dulu then baru mudah nak faham.

At this moment, I'm looking forward for a bullish continuation to perform either subwave 1 (yellow) or subwave 3 (white) in C. A further breakout to the bullish continuation critical line 1 would bolster this scenario. Otherwise we may see another bearish continuation to perform wave b referring to the alt count in magenta. Therefore please watch closely all critical lines and trendlines. Advisable to look for a good bullish continuation signal from BSTS later. Good luck.

 

[Jebatfx]

Due to the breakout, the previous alt counts in white and yellow is already invalid. I believed, market in progress to complete corrective subwave b either a double bottom (magenta or yellow) or a bearish trap scenario (white). Preferably, please look for any buy bottom signal from BSTS once corrective wave b is completed. But please be careful for any bearish continuation trend. Watch carefully all critical lines. Good luck.

 

[Jebatfx]

Please be noted that due to the strong breakout, I need to made a wave recount and therefore, please analyse the latest possible alt counts available. Preferably, market still in progress to complete major wave 5. At this moment, I believed market in subwave 3 and once completed, looking forward for bullish retracement to complete subwave 4. Therefore, please look for any bullish retracement entry signal from BSTS later but please be careful for any subwave 3 extension (magenta). Good luck.

 

[Jebatfx]

At this moment, I'm looking forward for a bullish retracement to perform subwave 4 before expecting for another bearish continuation either to complete a truncated subwave 5 (white or yellow) or an impulsive subwave 5 (magenta). But please be careful for any subwave 3 extension scenario (magenta). Good luck.

 

[Jebatfx]

At this moment, I believed market in nearish continuation to complete subwave 3 extension (yellow or white or magenta) before expecting a bullish retracement to perform a corrective subwave 4. Therefore, please look for a bullish retracement entry signal from BSTS later once subwave 3 is completed. Good luck and happy weekends.

 

[Jebatfx]

At this moment, I'm looking forward for a bullish retracement (teal rectangle zone) to perform corrective subwave a, b and c (cyan) in 4 (white or yellow) before expecting for another bearish continuation to complete subwave 5. Otherwise we may see another bearish continuation referring to the alt count in magenta. Good luck.

 

[Jebatfx]

At this moment, I'm looking forward market to perform corrective subwave 4 (yellow or white) before expecting for another bearish continuation to complete subwave 5 in 5. Please be noted that subwave 5 in 5 later could be either a truncated wave (yellow or white) or an impulsive wave (magenta). Otherwise we may see a further bearish continuation according to the alt count in magenta. Good luck.

 

[Jebatfx]

At this moment, I'm looking forward market either to perform a corrective subwave 4 (white or yellow) or a horizontal triangle corrective abcde in subwave 4. I believed market will make a further bullish retracement referring to the alt count in white or yellow. Therefore, please watch closely both critical lines and any breakout to determine which alt count is more favourable. Good luck.

 

[Jebatfx]

At this moment, market still in progress to complete subwave 4 either according to the alt count in magenta (abcde) or alt count in yellow/white before expecting for another bearish continuation to perform subwave 5. Please watch closely the yellow triangle trendlines for any breakout. Good luck.