The buy and sell only stand if price does not move to make a new low image

Cable Update (GBPUSD)

Certainly looks like a truncated wave 5 It does not really matter what the internal structure is, i just thought id post it for fun, main thing is getting the direction right and even if it turns out to be a corrective wave before a new swing up ...

Cable Update (GBPUSD)

If its bullish then why are the swings trending lower in your 15 and 5 minute?

Cable Update (GBPUSD)

@Navk Depends which timeframe you start from , Im using D1 H4 H1 to get the subdivisions. The trade im posting has H1 subs of the first H4 wave of the D1 wave

Cable Update (GBPUSD)

2960 but 2970 at least you get your profit, the last 4 hour swing low, as i said if its wave 5 very messy 3-3-3-3-3 down really confusing so i try to avoid even though my system was giving a perfect entry @3024, overbought correction price moving ...

Cable Update (GBPUSD)

I guess it is going to go to the low after all, no trade for me too cautious.

Cable Update (GBPUSD)

Well its FOMC tonight , likely no rate cut so cable could go higher before MPC on thursday for a drop and they will want to sell from a higher position. image

Cable Update (GBPUSD)

Hourly is looking more and more like a abc c up to 86 then maybe on fomc down again, I cant justify the hourly as a correction for more down play as there is no corrective pattern up that i recognise

Cable Update (GBPUSD)

60 minute time-frame Theoretically it should be the last swing down to take it below 2960 but is looking extremely dodgy which is norm for the last wave, on the other hand price action is also looking like a set up for bigger correction up to 3086, ...

Cable Update (GBPUSD)

Of course as soon as the lows are hit you will all want to long ,, they will let you ride it up to 3020 then pull it out from under you feet at MPC

Cable Update (GBPUSD)

Doubt there will be any significant reversal anytime soon, probably around this 2989 area there will be a small correction then back down to the lows for the last swing to complete the sequence of wave 1 then a bigger retrace back up to 3020 before ...

Cable Update (GBPUSD)

80 to 90% accurate, get a life a man , instead of talking nonsense. Anyways one says its bat one says its a butterfly one says there are 5 problems with gartleys, i think its one big bull

Cable Update (GBPUSD)

I will save this post, to remember to remind you when your gartley fails

Cable Update (GBPUSD)

Fair enough, Its great your confident with your strategy same as i am with mine.

Cable Update (GBPUSD)

The pattern is clear, trade it how you like. You may have never traded against a gartley but please do not tell me they are right 100% of the time image image

Cable Update (GBPUSD)

Check again the b wave of a triangle is an impulse 5 waves , there are 5 waves in the b wave, plus second attempt to break resistance failed, trust me there is no more up on the daily for now

Cable Update (GBPUSD)

More shorts to come, keep selling rallies, heading for the lows 2963, daily break down, as i have been saying for days, with the corrective pattern from the daily image

Cable Update (GBPUSD)

Have to revise that old support new res level, its actually the close at 63 15 min chart ,hopefully its good to go down now, would prefer the low at 40 to break to confirm the wave is trending.

Cable Update (GBPUSD)

Going back to the old resistance at 80ish 15m then could be the drop, i cant see why it would go higher as it had its chance when it retested 103 15m and came down and made a new low

Cable Update (GBPUSD)

Short term bear trap in play , needs to go up to 79 then break down the low at 54 to make a trend continuation or in this case a new trend

Cable Update (GBPUSD)