Wednesday, September 17, 2008

Gbp vs Jpy 1H


Due to the current scenario, please analyse all possible alt counts and favourably, I'm looking forward for any possibility of the bullish reversal trend referring either to the alt counts in magenta or white. At this moment, I believed market in progress to perform subwave 1 (magenta or white) before expecting a bearish retracement to complete subwave 2 (magenta or white). A true breakout to the yellow critical line to perform subwave 1 (white) or subwave 3 (magenta or white) later would bolster this scenario. Otherwise we may see another bearish contiuation according to the alt count in yellow. Good luck.

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