Monday, September 15, 2008

Gbp vs Jpy 1H


At this moment, I divided market in 3 possible alt counts scenario which is :
1) Magenta - market in progress to perform subwave c in b before expecting for another bullish continuation to perform corrective wave c.
2) White - market still in progress to complete subwave 5 in a before expecting a bearish retracement to complete corrective wave b.
3) Yellow - market already completed subwave ii before expecting for another bearish continuation to complete subwave iii in 5.
Therefore, please analyse which alt counts is more favourable and confirm it from BSTS later. Basically, I'm looking for any possibility referring to the bullish reversal scenario (magenta or white). Good luck.

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