GBPJPY — We may have seen the top of Big Wave B @ 240.66 I am attaching a chart which I see as having conformed with EW Rules to complete a 5 wave structure sub wave c inside the big wave B UP. This means that this pair is heading south and ...

Elliott Wave Counting with EG

Lower than 237.40 Invalidated my EW Count in GBPJPY.] EG

Elliott Wave Counting with EG

B wave looks like it is Expanding — Attaching new chart to show expansion of b wave Targetting 239.85 FE 100.0 to have at least C=A in a Zigzag B wave. It could go as high as 240.42 at the FE 161.8 level. Then I would expect it to go down for ...

Elliott Wave Counting with EG

15m — wave 2 of wave c down

Elliott Wave Counting with EG

GBPJPY EW Count Update — Based on my EW Count, GBPJPY seem to have just finished wave 1 and wave 2 of the Bigger wave C inside Big wave B of wave 4. Attached charts show where I think this pair is at. EG

Elliott Wave Counting with EG

Possible New EW Count for GBPJPY — Revised EW Count EG I think 54 needs to expand SO I expect it to visit near yesterdays's low or lower . But not lower than 31 @ 237.04 to complete the sub wave c of this expanding wave 34. Magenta Box ...

Elliott Wave Counting with EG

EW Count Revision for GBPJPY — With the unfolding of the waves last night, the expected Fall of the pair has failed. I have missed or maybe I completely ignored the rule that Wave 3 should never be the shortest. **** Now I remember, 1st Is how ...

Elliott Wave Counting with EG

AUDUSD Daily — for kenari05 Potential direction of AUDUSD as I see it on my chart First I am looking at at least a 38.2 retracement as my 1st TP. next would be 50% then 61.8%. Need to watch the waves unfold. Maximum price can go down is till ...

Elliott Wave Counting with EG

AUDUSD — Here you go. I hope this helps. On the 4 hour chart, I see AUDUSD having finished wave 3 at 0.9033 Expectuing a wave 4 retrace which is commonly seen at 38.2% (0.8704) this could be 1st TP. Depending on how the wave infolds, it is ...

Elliott Wave Counting with EG

Daily chart Analysis — Going back to the Daily chart on Post # 771 I have reviewed my wave counts again and made some adjustments. To me it seems that a complete impulse wave has been finished now topping at 239.70 which falls on the or near ...

Elliott Wave Counting with EG

m15 detailing route — watching if it will unfold as per chart But first needs to go LOWER than 237.81 to dispell possibility of being a wave 4 retracement of wave 3. Inner waves of the suspected wave 1 down are labelled in RED. note first sub ...

Elliott Wave Counting with EG

Step 5 _ m15 — my 15m chart

Elliott Wave Counting with EG

Step 4 m30 — on the m30 chart

Elliott Wave Counting with EG

Step 3 _ 1h — on the 1 hour chart

Elliott Wave Counting with EG

Step 2 - 4H — On the 4 hour chart Target is 237.40 before a retracement up for the sub wave 2 up for a main move down

Elliott Wave Counting with EG

UPDATE 100907 — I am a slow typist and prparing the charts take quite a lot of time for me. So I will post the charts first and explain later. maybe the others can cderive some ideas from these charts. EG Step 1 on the Daily I have revised ...

Elliott Wave Counting with EG

Triple Top on 4h? — A triple Top may be forming on the 4h chart of GBPJPY. However, the first 2 candles indicate bullishness. 1st candle has a long bullidh body 2nd candle has a long lower shadow with a very narrow bearish Body and barely any ...

Elliott Wave Counting with EG

It looks like GBPJPY is following a similar Pattern to How USDJPY is unfolding. EG

Elliott Wave Counting with EG

Update for Potential Direction on GBPJPY — Attached chart modified on the Fib Retracement Levels due to the new High.

Elliott Wave Counting with EG

General Guidelines — 1. If Current Price Rise goes higher than 244.27, then the Potential Bearish Butterfly Pattern and the Bullish AB=CD Pattern is OFF the Table and mute. 2. If 244.27 holds, then the next to watch is the retracement. If it ...

Elliott Wave Counting with EG