Sunday, September 7, 2008

Gbp vs Jpy 1H, 4H & Daily Pre Market Overview


Chart 1H - At this moment, I'm looking forward for a bullish trend either to complete wubwave iv in cyan or subwave a in white. A breakout to the reversal critical line would bolster the alt count in white. Otherwise another bearish continuation trend would bolster alt count in magenta or yellow. Preferably, please look for any good bullish entry signal from BSTS later either referring to a bullish retracement or reversal.


Chart 4H - Please watch carefully the upper green trenline. Expecting a rejection to perform a bearish continuation the complete subwave v (cyan) in subwave v/5 (magenta or yellow). Otherwise a further true breakout to the upper green trendline would favour to the alt count in white.


Chart Daily - I'm looking forward for a bullish trend either to complete retracement subwave in magenta or reversal corrective wave a, b and c in white. Otherwise, we may see a further bearish continuation to complete an extension of subwave iii in yellow.

Summary :

1) Preferably, I'm looking for a bullish retracement trend later to complete subwave 4 once subwave v in 3 is completed (magenta or yellow) before expecting for another bearish continuation to complete wave 5 and C (magenta or yellow).

2) Otherwise please be careful for any bullish reversal trend according to the alt count in white or a further bearish continuation according to the alt count in yellow.

3) Please be noted that subwave v and major wave 5/C (magenta) can only be a truncated wave scenario or an impulsive subwave v and major wave 5/C (yellow).

Good luck.

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