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Time now: Jun 1, 12:00 AM

An Elliot Wave Technical Analysis For Gbp Vs Jpy

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Preferably, I believed market in progress to complete wave iv in yellow before expecting for another bearish continuation trend to perform either a truncated or an impulsive wave v. Advisable to look for any bearish continuation entry signal from BSTS later as long the bullish continuation critical line 1 is remain intact. Otherwise, please be careful if there is any breakout to the bullish continuation critical line 1. Please be noted also that the previous alt count in magenta is already invalid. Good luck.
 
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At this moment, I believed market will perform a bearish continuation trend either to complete an impulsive subwave v in yellow or a truncated wave v (magenta or white). Therefore, please be careful for any truncated scenario or any breakout to the bullish continuation critical line 1. Good luck and happy weekends.
 
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Favourably, I'm looking for further bearish continuation trend scenario either to complete subwave v in 1 in white (double bottom) or yellow before expecting for any bullish retracement trend to complete wave 2. But, please be careful for any possibility towards a truncation scenario refering to the alt count in magenta. Therefore, please look for any breakout to the critical lines to confirm which alt counts that is more in favour. Good luck.
 
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At this moment, I'm looking foward for another bearish continuation trend to perform a diagonal triangle corrective wave abcde pattern refering to the alt count in yellow. Otherwise a breakout to the upper green trendline would indicates that perhaps market in progress to perform wave 2 either in white or magenta before expecting for another bearish continuation trend scenario. Advisable to look for any good opprtunity towards a bearish entry signal from BSTS later. Good luck.
 
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Chart 1H - Please be noted that I need to do slightly recounts due to the upside trend. Favourably, I believed market in bullish retracement trend to complete wave 2 before expecting for another major bearish continuation trend refering to either the alt count in yellow, magenta or white. At this moment, I'm looking for any opportunity towards the alt count in yellow. Otherwise, please be careful for any breakout towards the upper green trendline. Advisable to look for any bearish entry signal from BSTS later.

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Chart Daily - As long the white/yellow critical line is remain intact, I believed market will perform another major bearish continuaton trend to perform wave iii once wave 2 is completed (yellow). Otherwise, if the line is taken, then perhaps we may see another bullish rally to complete major wave 4 in magenta before expecting for any bearish continuation trend. Good luck.
 
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At this moment, market showed a very strong bullish trend. Favourably, I'm looking forward for a completion for wave 2 in yellow and expecting for another bearish continuation trend to perform corrective subwave a, b and c in cyan. Otherwise, a further breakout towards the white/yellow critical line would indicates that we may see a bullish continuation trend to complete wave 2 in magenta. Good luck.
 
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At this moment, I'm looking forward for a bearish continuation trend to peform corrective wave c in cyan. A breakout toward the S3 would bolster to this scenario. Otherwise, please be careful for any possibility towards a bullish continuation trend refering to the alt count in magenta. Good luck and happy weekends.
 
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Chart 1H - Please be noted that due to the upside trend, therefore I need to do a recounts towards the previous alt counts in yellow and white. At this moment, I believed market in progress to perform wave 2 either in white/yellow (truncated subwave 5) or magenta (impulsive subwave 5/diagonal triangle pattern) before expecting for another bearish continuation trend scenario. Therefore, please confirm either subwave 5 will be a truncated or impulsive from BSTS later before making any short entry. Otherwise if the white/yellow/magenta critical line is taken, all this counts would be invalid.

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Chart Daily - Preferably, I believed market in progress to complete subwave 2 in yellow before expecting for another major bearish continuation trend to complete subwave 3,4 and 5 in 5/C. Otherwise, please be careful for any breakout towards the white/yellow critical line that would bolster towards the alt count in magenta. Good luck.
 
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Preferably, I believed subwave 5 in c/2 is already completed (white/yellow) and I'm looking forward market to perform a bearish reversal trend to complete corrective wave a,b and c in cyan or major wave 3. A breakout towards the lower red trendline would bolster to this scenario. Otherwise please be careful for any bullish continuation trend scenario if wave 2 still not complete yet (magenta). Good luck.
 

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