Sunday, January 25, 2009

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


Chart 1H - Please analyse all possible alt counts and please confirm from BSTS which alt counts that is more favourable. Preferably, I'm looking forward for any bullish reversal trend as long the major bearish continuation critical line 2 is remain intact.


Chart 4H - Market already made a strong breakout to that major lower red trendline. A further breakout to the major bearish continuation critical line 2 would bolster to the alt count in magenta. Favourably, I'm looking forward for any "throw-over" pattern scenario which would bolter towards the bullish reversal trend scenario (white or yellow).


Chart Daily - Preferably, I'm looking forward for a valid diagonal triangle reversal pattern for a bullish reversal trend referring either to the alt count in white or yellow. But, please be careful for any bearish continuation trend scenario (magenta).


Chart Weekly - At this moment, I believed market in progress to complete wave iii (yellow, white or magenta) and I'm expecting for any possibility towards the bullish retracement trend to perform wave iv. Please analyse from smaller wave degree for any formation of 5 wave structures (downside) in wave iii to bolster the scenario that wave iii is already completed. Therefore, advisable to look for any bullish retracement entry signal from BSTS later. But, please be extra carefull for any wave iii extension scenario (white or magenta).
Summary :
1) Preferably, I'm looking forward for any bullish reversal trend scenario. A valid "throw-over" and a diagonal triangle reversal pattern would bolster this scenario.
2) But, please be careful for any bearish continuation trend to perform an extension of wave iii either in white or magenta (weekly).
Good luck.

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