Sunday, September 14, 2008

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


Chart 1H - I'm looking forward for a bullish reversal trend to complete corrective wave a, b and c refering either to the alt counts in white or magenta. Otherwise, please be careful for any possibility according to the alt count in yellow. Please be noted that corrective wave b is possible to perform a triple bottom before any bullish continuation to perform corrective wave c (magenta).


Chart 4H - Please analyse all possible alt counts and advisable to look for any bullish continuation entry signal from BSTS later once wave b (white or magenta) is completed. But please be careful for any scenario to perform subwave ii in yellow. Please be noted that the alt count in yellow would be invalid if there is any true breakout to the yellow critical line.


Chart Daily - Please watch closely the green upper trendline for either to complete wave a in magenta of any breakout to perform wave a in white. Preferably, I'm looking for any possibility of a truncated wave 5 (white or magenta) and a bullish reversal trend to perform corrective wave a, b and c.

Summary :

1) Preferably I believed market already completed a truncated wave 5 (white or magenta) and looking forward for a bullish reversal trend to perform corrective a, b and c.

2) Please be noted wave b could retrace according to the alt count in white or in magenta (triple bottom). Therefore, please confirm from BSTS later.

3) Otherwise please be careful for a possibility of a bearish continuation scenario referring to the alt count in yellow.

Good lucks.

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