Tuesday, August 26, 2008

Gbp vs Jpy 1H


At this moment, due to the current downside trend, favourably the alt count in magenta is in major doubt while the previous alt count in white is already invalid. Therefore, please analyse the latest possible alt count in white. At this stage, market looks more preferable towards this alt count in white which is market in progress to complete wave 5 and also please be noted about the diagonal triangle pattern. Also, please be careful for a throw-over or a bearish trap scenario. Otherwise we may see a strong breakout to the bearish continuation line 8 and the major bearish continuation critical line 1 which is favour to the alt count in yellow. Good luck.

No comments: