Elliott wave count forex

Posted: Maxxx On: 19.06.2017

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GBPUSD 20th June, 21 June, by Nady Laymoud Leave a Comment Cable dropped and first target was reached and exceeded and Cable fell short of the second target by 2 pips. Main hourly count expects Cable to continue making lower lows while the alternate count expects Cable to unfold upwards in a corrective manner.

As always, we will wait for either counts' confirmation point to be reached to determine the highly probable count.

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Cable's continued consolidation should set the stage for further decline and Cable should resume its downtrend promptly. Main hourly count expects Cable to reverse directions and unfold downwards sharply in an impulsive manner while the alternate count expects one final push from Cable before reversing directions.

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Cable continues to consolidate in a sideways manner failing to reach either counts' confirmation point and both counts remain valid. Cable has been consolidating in a sideways manner failing to reach either counts' confirmation point and therefore, leaving both counts valid. Main hourly count continues to expect Cable to reverse directions and unfold downwards sharply in an impulsive manner while the alternate count expects one final push from Cable before reversing directions.

Cable unfolded upwards as expected and the sideways correction appears structurally mature. Main hourly count expects Cable to reverse directions and unfold downwards in an impulsive manner while the alternate count expects one final push from Cable before reversing directions.

Cable unfolded downwards and both counts remain valid despite Cable coming very elliott wave count forex to the alternate count's confirmation point. At this juncture, both counts have almost equal probabilities.

Main hourly count expects Cable to unfold within a correction in a sideways manner while the alternate utrade binary option expects that Cable's downtrend has resumed.

Cable unfolded downwards confirming the alternate count and -so far- Cable fell short of the first target by 9 pips.

In the previous analysis, we expected one final push upwards to complete the counter-trend advance. Cable unfolded exactly as expected and moved sharply downwards. Elliott wave count forex counts expect Cable to create lower lows. The main count expects a counter-trend setback before resuming the downtrend, while the alternate count expects an immediate bearish outlook.

Cable unfolded upwards confirming the alternate count and Cable fell short of the first target by a fraction of a pip.

elliott wave count forex

The main count expects one final push upwards to complete a counter-trend advance while the alternate count expects that Cable is about to reverse directions and unfold downwards in an impulsive manner. Get 7 days FREE TRIAL No credit card required. Latest Analysis GBPUSD 20th June, EURUSD 20th June, EURUSD 16th June, GBPUSD 19th June, GBPUSD 16th June, EURUSD 16th June, Categories EURUSD EURUSD Archives EURUSD Monthly EURUSD Weekly GBPUSD GBPUSD Archives GBPUSD Monthly GBPUSD Weekly.

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