Friday, May 15, 2009

Gbp vs Jpy 1H


At this moment, I can divided market into 3 possible scenario which is :
1) Yellow - market will perform an extension of wave i in yellow which is consist of an extension of subwave v in 3(cyan).
2) White - market will perform a truncated wave i in white.
Please be noted that both alt count is expecting for a furher bearish continuation trend to complete major corrective wave B.
3) Magenta - market will perform a bullish continuation trend to complete wave 3.
Preferably, I'm looking forward for a further bearish continuation trend scenario either in alt counts in yellow or white. A further breakout towards the major lower red trendline that would bolster to this scenario is still remain to be seen. Good luck and happy weekends.

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