Bounced off 52 bounced off 103 , where is the stronger move ,down i believe, look at daily resistance hit ,triangle breaking down, the clues are there.

Cable Update (GBPUSD)

If we look to the hourly , can clearly see the old support becomes new resistance @ the close 3103 below 3050 this is going to hammer it down

Cable Update (GBPUSD)

Short only below the 3050 level, other wise we are going up to retest

Cable Update (GBPUSD)

Do not believe the doomsday predictions, there is a small correction in progress,, however we are in the midst of the biggest blowoff rally the Dow has ever seen in its history. And there are no diamonds in the sky, at least not yet The roaring 20s ...

The end of the US stock market is nearing

Im good , exited the trade using other methods that show me when the swing has ended. I look at higher time frames to find out where we are and where we might be going and what type of swing im trading and lower to try and get a better entry,, the ...

Cable Update (GBPUSD)

OK, made a mistake to go to 1 min chart. does not matter as it never trended back down so retracement is 15min as per the last one but a differrent type ,this time looks like some kind of triple zigzag so again need to trend down below 071 for more ...

Cable Update (GBPUSD)

Hopefully that is 5th swing down to hit my 3052 target

Cable Update (GBPUSD)

Same scenario 5 minute but internal structure on 1m, A (B with abc triangle then) C up to complete the correction , now the idea is we trend down again

Cable Update (GBPUSD)

Im not bullish how many time do i have to say, 3052 is my target , did i type it wrong, read my posts

Cable Update (GBPUSD)

You must have misread my post, i have not been bullish , read again

Cable Update (GBPUSD)

see image image

Cable Update (GBPUSD)

i think we are ok to 3050 then another correction and down to 3034 before a bigger correction

Cable Update (GBPUSD)

Here we go the golden trade , impulse wave 3 of wave 3 might even go further than 3050 could be 34 because a smaller and a bigger uptrend have been reversed

Cable Update (GBPUSD)

3050 here we come

Cable Update (GBPUSD)

i think its done, gap away , better for the low of the B to break but if in doubt do not take the trade.

Cable Update (GBPUSD)

Oh yes it is, look at the 5 minute its A then the B which itself is an abc then C Corrections do not just go abc , the b in the abc is the one that gets everyone Ok we might fall short of my target of 117 , happens in corrections , there will be ...

Cable Update (GBPUSD)

See chart if your bearish image

Cable Update (GBPUSD)

Yes it did it slow down after the big move down, hit the low support , the rest of the move is there to trap short before a corrective move up of which we are in now/

Cable Update (GBPUSD)

Of course ,all opinions are respected

Cable Update (GBPUSD)

Yes but ask your self what is this trend, in my opinion the trend is only part of a triangle the third swing, so 3050 is highly likely more shorts to come , big drop to 2602 ish. Check the daily and you will understand, plus the fact we hit weekly ...

Cable Update (GBPUSD)