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Sunday, August 17, 2008
Gbp vs Jpy 1H, 4H & Daily Pre Market Overview
Chart 1H - Preferably, I'm looking for a completion of corrective subwave iv in magenta or yellow before expecting for another bearish continuation either to complete a truncated subwave v in magenta or an impulsive subwave v in yellow. Otherwise we may see a further bullish retracement to complete subwave c and major wave 4 in white. Good luck.
Chart 4H - At this moment, I'm looking for a possible reversal pattern of rising wedge in corrective abcde (cyan) to complete subwave iv before expecting for another bearish continuation. Therefore advisable to look for a good bearish continuation entry signal from BSTS 3 later favourably at BSTS 3 4H.
Chart Daily - Favourably, I divided the market into 3 possible scenario which are :-
a) Truncation Scenario (white) - Market will perform another bearish continuation to complete a truncated wave v after completion of wave iv.
b) Impulsive Scenario (magenta or yellow) - Market in bullish retracement to complete subwave iv before expecting for another breasih continuation to complete an impulsive subwave v either in magenta or yellow.
Summary :
1) Preferably, market in bullish retracement to complate subwave iv (magenta or yellow) before expecting for another bearish continuation either to complete a truncated wave v (magenta) or an impulsive wave v (yellow).
2) Please be careful for any possibility of bullish retracement refering to alt count in white. Please be noted that all bearish continuation scenario would be invalid if the price make a true breakout to the bullish continuation line 1.
Good luck.
p/s Untuk pengetahuan semua, seoarang sahabat kita iaitu saudara Hafizi Yasin telah pulang ke rahmatullah pada hari jumaat jam 10 malam lepas. Semoga kita sama sama mendoakan semoga roh allahyarham akan sentiasa di berkati dan di rahmati oleh Allah s.w.t hendaknya. Al-Fatihah.
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