An Elliot Wave Technical Analysis For Gbp Vs Jpy

[Jebatfx]

At this moment, price already at the upper green trendline. Preferably, I'm looking forward for a pull back scenario to bolster the bearish continuation scenario. Otherwise, please be careful for any true breakout to the upper green trendline. Please watch closely the bullish reversal critical line. Good luck.

 

[Jebatfx]

Until this moment, the major upper green trendline still remain intact and preferably I'm looking forward for a pullback and bearish continuation trend scenario later. A true breakout to the major lower red trendline would bolster this scenario. Therefore, please watch closely all critical lines and trendlines to assist you in determine which alt counts is more likely in progress. Good luck.

 

[Fk1]

Just say good job to all this community!!!

 

[Jebatfx]

Just say good job to all this community!!!

thank you. Good luck trading

At this moment, price already break the lower red triangle trendline and we need to wait a whilte to confirm is it a true breakout or only a false breakout. Preferably, I'm looking forward for a bearish continuation trend to perform subwave v in 5 before expecting for a bullish reversal trend later. Another breakout to the bearish continuation critical line 2 and later to the major bearish continuation critical line 1 would bolster this scenario. Meanwhile, please be careful for any truncated wave scenario either referring to the alt count in white or yellow. Good luck.

 

[Jebatfx]

At this moment, I'm looking forward for a completion of truncated wave 5 either referring to the alt count in white or yellow. Advisable to look for any bullish reversal entry signal from BSTS later. A breakout to the upper green trendline would bolster this scenario. Otherwise we may see another strong bearish continuation trend to complete an impulsive wave 5. Good luck.

 

[Jebatfx]

I believed market in progress to complete subwave v in 5 before expecting for a bullish reversal trend later to perform corrective a, b and c. But please noted that wave 5 could be either a truncated wave (white or yellow) or an impulsive wave (magenta). Therefore, please analyse all possible alt counts and look for any bullish reversal entry signal later from BSTS. Please watch closely all trendlines and critical lines for any breakout. Good luck.

 

[Jebatfx]

Please be noted that, due to the further bearish continuation trend, the previous alt count in white is already invalid. Therefore, please analyse the latest possible updated alt counts in the chart. Preferably, I believed market in progress to complete subwave v in 5 and I'm looking forward for an opportunity to find a possible bullish reversal trend once wave 5 is complete. But please be noted also that wave 5 could be a truncated wave (white or magenta) or an impulsive wave. Also, please be careful for any bearish trap scenario. Please confirm any possible bullish reversal signal from BSTS later. Good luck.

 

[Jebatfx]

At this moment, preferably, I'm looking forward for either a bullish retracement to complete subwave iv (yellow) or a bullish reversal to perform corrective wave a (white). But please be careful for a bearish continuation trend to perform an extension subwave iii in magenta. Please confirm any alt counts from BSTS and any breakouts later. Good luck.

 

[Cyclon]

You have my deepest respect

You have my deepest respect and also my sympathies. I am aware of the effort you put into your counts. It is unfortunate that there are so many question marks in your analysis after so much dedicated work. Your comments and your chart indicate that you don't quite know which way the market will go. This is universal with Elliott wave practitioners so do not suppose I am picking on you. On the contrary I wish that the EW could get the respect it deserves.

Best luck

 

[Jebatfx]

You have my deepest respect and also my sympathies. I am aware of the effort you put into your counts. It is unfortunate that there are so many question marks in your analysis after so much dedicated work. Your comments and your chart indicate that you don't quite know which way the market will go. This is universal with Elliott wave practitioners so do not suppose I am picking on you. On the contrary I wish that the EW could get the respect it deserves.

Best luck

Hi,

ya, that is the main problem when u are using an EW Strategy. Everybody can't be so sure what will happen to the future market. But from Ew point of view, u can determine either market is going to retrace, continuation or reversal. That's what "preferably" or "favourably" words means too. To confirm is it the wave is going to an end or going to start a news wave, thats come the Entry Strategy System part which is I called BSTS. This system will only be thought during my seminar lesson which is most ppl don't have. So basically my trading consist of 2 strategy system which a Trading Strategy System (Elliot Wave) and an Entry Strategy System (BSTS). So I hope you can make use my option alt counts and determine which one is more favourable from your point of view and from your trading system as well.

So, basically, the forecast that I have posted everyday just consist of 1/2 part of the overall trading system. The other half is BSTS which is will only be given during the seminar. Good luck to you my fren.

At this moment, I'm looking forward for a bullish reversal trend to be perform either referring to the alt count in white or yellow. A valid diagonal triangle pattern and a double bottom scenario would bolster this point of view. Otherwise, we may see another breakout to the white/yellow critical lines to perform wave 5 in magenta. Advisable to look for a good bullish reversal entry signal later from BSTS. Good luck.