My Count has been invalidated when price went higher than 2.0152 as this was the low of my Wave 1 in the C wave down. Alternatives: 1. If my wave 1 low is moved to 2.0209 low instead, then my original count will still be valid. But I think that will ...

Elliott Wave Counting with EG

235.5 double top on the 5m chart surpassed the 235.48 C=A Fib Extention

Elliott Wave Counting with EG

After the plunge to 235.06 and making a low on 2 consecutive 1 min bars from the high of 235.46 then a pullback to 235.42 and not making any other high... (invalidated with new high ) wait ..... it can still be C554 forming a symmetrical triangle ...

Elliott Wave Counting with EG

GBPJPY 235.36 low of 1 minute bar was the mini micro wave 4 235.46 high on the 1 minute bar seems to be the end of this rally. EG

Elliott Wave Counting with EG

next target is 235.67 for GBPJPY which is the upper side of the diagonal triangle. could be the point at which a throwover could occur. EG

Elliott Wave Counting with EG

GBPJPY Waiting for Price to Jump up soon for what should be the final leg of the Wave 4 up to 234.67 for C = A

Elliott Wave Counting with EG

If you apply EW Rules by the book... this upward movement at sunday opening ( 2.0141 ) must not go higher than 2.0152 so as not for this wave 4 up to enter price teritory of wave 1 down. If this is higher than 2.0152 then my count is wrong. EG

Elliott Wave Counting with EG

diagonal wave count

Elliott Wave Counting with EG

Micro Wave Count on the Diagonal 5th wave A throw over to the Upside is possible. But opefully it does not invalidate my count by going higher than 236.27

Elliott Wave Counting with EG

next one

Elliott Wave Counting with EG

1 hour over view

Elliott Wave Counting with EG

GBPJPY Count Revision — I must admit I made a mistake in my count above. I thought that 234.88 High was the end of my C4. I had assumed that Price reversed from there. I assumed that a sub wave 1 down was in progress and that a complex ...

Elliott Wave Counting with EG

Thanks AP That adds a different view to support or propose a count that would show Cable temprarily falling to previous low but will ultimately recover for a renewed uptrend. EG

Elliott Wave Counting with EG

GBPJPY Price projection now @ 234.27 235.43 236.21 FE of probably a Zigzag Unless this really develops into a Flat, then projections above will change as they are based on Fib Extentions using termination points of Wave a and b. EG

Elliott Wave Counting with EG

GBPJPY This pair for me has a high chance of really going down. However, based on the wave formation now as seen on 15m chart, what I thought was going to be a Zigzag may now develop a sideways movement and turn this into a flat corrective wave ...

Elliott Wave Counting with EG

GBPJPY Resistance level broken at 232.85. Looks like we are getting a Zigzag corrective wave now for this pair. Watching price i from 233.64 till 234.86 EG PS. Most likely higher than 234.18 and highly like nearest to 234.86

Elliott Wave Counting with EG

Let me guess............218-220 for the end of A?[/quote] I have not really zoomed out on GBPJPY EW Count yet until now I am thinking looking at the charts that : Monthly - most likely on a sideways wave 4 which is nearing its end (ooopppps..... ...

Elliott Wave Counting with EG

For thos following my trade on GBPJPY...... Note that my SL is at 600pips sometimes going up to 800 or 1000 for this pair. So I still take a lot of risk with my capital. That is the reason I remind you not to use it on LIVE accounts ( besidesthese ...

Elliott Wave Counting with EG

Hey AP.. I forgot to ask.... what made you think that Cable will not go past the termination point of Wave 3 and result to a truncated Wave 5? EG

Elliott Wave Counting with EG

see with what specifically?

Elliott Wave Counting with EG