Sunday, September 21, 2008

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


Chart 1H - Please analyse all possible alt counts and determine which one is more favourable from BSTS later. I believed market in progress to complete wave 3 (yellow, magenta or white) before expecting a bearish retracement to complete corrective wave 4.


Chart 4H - I believed market in bullish reversal trend to complete wave 3, 4 and 5 (yellow, magenta or white). Expecting to see a bearish retracement later to complete corrective wave 4 before expecting another bullish continuation to perform wave 5. But please be extra carefull for an extension fo wave 3 and a truncated wave 5 later.


Chart Daily - Market already break the upper green trendline and I'm looking forward for a further bullish continuation trend later next week (magenta or yellow). But please be careful for any possibility towards the alt count in white.

Summary :

1) I believed market already in bullish reversal trend. Preferably, I'm looking forward for a completion of subwave 3 (yellow, magenta or white)before expecting any bearish retracement to complete subwave 4 in C.

2) Expecting to see for another bullish continuation to complete subwave 5 (yellow, magenta or white) once subwave 4 is completed.

3) Please be careful for any possibility for an extension of subwave 3 and a truncated subwave 5.

Good luck.

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