Diagonal Triangle Theory on this 4 hour chart is invalid now??? — Diagonal Triangle / Wedge Theory for what I thought was the 5th wave inside wave 3 could now be invalid because price still went up higher than 238.84 to 239.20. Or is this the ...

Elliott Wave Counting with EG

Alternative Wave 4 Yellow Structure — As an alternative structure to what I have presented above, it is also possible "to fit or expect to fit Price to another Harmonic Pattern " as it unfolds its EW Count too. And that is the Bullish AB=CD ...

Elliott Wave Counting with EG

In my earlier posts before Post # 750, I thought there was just 1 Harmonic/Gartley Pattern that would fit teh Potential structure of the EW Count I thought I was seeing and will see in GBPJPY. While doing this step by step presentation, I realized ...

Elliott Wave Counting with EG

After you analyze the last 2 charts above, you will probably or definitely notice that my wave C yellow is too short for your taste... First let me answer your question "WHY?" ..... A thought crossed my mind to see a possible relationship between ...

Elliott Wave Counting with EG

Attached to this post are Charts which I present to show an ideal classic potential scenario for the GBPJPY Pair probably forecastiong what to expect till next year. First shows A Potential Harmonic Pattern applied to the EW and Fib based chart. I ...

Elliott Wave Counting with EG

Jamming Area for the FIBS — Zooming out and looking atthe 4 hour chart again..... we canb see that a number of projections using the FIB Extention tool have their estimated price levels almost in the same area as the others. Let us take this 1 ...

Elliott Wave Counting with EG

If wave 4 plays out as expected and making my EW count valid, then price should continue to climb again for the wave 5 navajo white. Sights are set for the FE 261.8 - 300.0 of the Red FIB Extention Tool at 245.48 - 247.48 Incidentally, this range ...

Elliott Wave Counting with EG

Potential scenarios for this week — 1. Throwever of price outside the wedge above it upperside going for the FE 161.8 @ 239.46. 38.2% retraces falls at 235.74 2. Price has seen its wave 35 end at 238.84, then 38.2% retracement is at 235.36. ...

Elliott Wave Counting with EG

Assuming that wave 35 is valid and that wave 3 navajo white has ended, We can only further confirm this once price breaches or falls below the lower side of the wedge. When that happens, I would be looking at the 38.2% retracement of this wave 3 ...

Elliott Wave Counting with EG

Proving validity of Leading Diagonal Triangle / Wedge — let us jump into the 15 minute TF. you will see that in the attached chart, we have what seems a valid and qualified internal subwaves of this leading diagonal . next to prove is that ...

Elliott Wave Counting with EG

Now a cleaner chart on the 4h TF Projecting target for wave 3 navajo white using the magenta FIB Extention Tool.... this is at FE 161.8 @ 239.46 Price is just about to reach it with the Friday's climb. Using the internal wave structure of wave 3 ...

Elliott Wave Counting with EG

4hour chart — Now that we are in wave c which is divided into 5 waves as an impulse wave, This is where I have to options of labelling me EW Counts on this Pair. First I use the FIB extention tool to project wave 3 and wave 5 when I can see ...

Elliott Wave Counting with EG

GBPJPY Daily CHART — On the Daily Chart.. Initially the move from 251.07 down to 219.31 was considered to be a Big Wave A. This could take the form of 3 or 5 waves. We can clearly see a 3 wave structure on the chart. The only way for us to be ...

Elliott Wave Counting with EG

Ok... I have missed to label the end of wave 3 yellow on my monthly chart. This is the High @ 251.07 on my chart. see enhanced chart below. So drawing a Fib retracement scale from end of wave 2 up to end of wave 3.... you will see that the retrace ...

Elliott Wave Counting with EG

You may be wondering why I am repeating these posts.... Initially I thought posting charts and leaving notes on my charts would be enough. Now I think, many who are not familiar with EWTheory/Principles may have a difficult time grasping what I am ...

Elliott Wave Counting with EG

My GBPJPY Analysis and Forecast Starts Here (Explained) — hhhhhhmmmmmm....... I was hoping to stir the pot and derive some form of discussion on the points I presented in my chart specially because it was not solely based on pure Elliott Wave ...

Elliott Wave Counting with EG

Monday up to Tuesday... I would be looking forward to watching Price drop to 235.74 or ;ower . But not lower than 234.22 Then if the bounce appears and pricer reverses, then I would expect price to go up the range of 245.21 to 247.51 for the end of ...

Elliott Wave Counting with EG

Allow me to correct my monthly chart projection Limits. In the earlier chart I referred to wave 4 limit as 208.14. This was a mistake as this is wave 1 inside wave 3. Since we are now in wave 4 inside wave C, then the wave 4 limit should be end of ...

Elliott Wave Counting with EG

followed by and finally I am I able to attach all my charts EG

Elliott Wave Counting with EG

Short Term Projection for GBPJPY — I have revised my wave count for the sub wave c UP of big wave B UP. It seems that wave 3 inside wave c is finished after getting into a micro EW Count. This has resulted in What I see as a diagonal triangle ...

Elliott Wave Counting with EG