Hope you have your bathing suit ready cause you are under water, i hope it is not boat party. image

Cable Update (GBPUSD)

Looks like today is going to be the lower high lower low two bars on D1 to complete the correction and probably that is it for the day , so possible monday up for C on GU

Cable Update (GBPUSD)

I suppose they could be viewed as A - B (abc) then C in the opposite direction

Cable Update (GBPUSD)

Does any one know of a corrective pattern as in the photo, triangles are supposed to have 5 waves but i keep seeing these three wave patterns breaking up or down? Double 3 elliott wave perhaps? Found several today image image image image ...

Cable Update (GBPUSD)

Too early to go long 2685 is where the old SBR lays and that is where price might be heading besides D1 would have to be showing at least two bars lower high , lower low. So probably more downside to come before the turn up image

Cable Update (GBPUSD)

This current correction internal structure from the 15m is A 3 swings down B 3 swings up and C is a 5 wave impulse, so we could see the turn up today

Cable Update (GBPUSD)

OK there is that 4h correction i was talking about on GU D1 is still above W1 but W1 is below MN1 so we assume the D1 swing is corrective and H4 PB is swing 2 so will trade swing 3 from an H1 entry Now if this is an abc correction and we are in B ...

Cable Update (GBPUSD)

EURSGD could be a good option for a short That last H4 up swing looks like a correction on the daily , nice H and S on D1 but not the textbook one image image

New Cable Thread & Other Pairs

Did you look at the monthly where it bounced off that RBS So would that swing up not count as an impulse to a new image

New Cable Thread & Other Pairs

Gold before and after and new low is made plus testing another entry method, i think im going to have to up my game on the entries and either use the trendline break or enter at the PB top/bottom or close to resistance/support image image

Cable Update (GBPUSD)

Gold on the way down First PB after the breakdown from correction on H4 going to enter from 15 minute. H1 view with H4 correction image

Cable Update (GBPUSD)

All the action was H4 above D1 so this can only be the first wave up so the correction should pullback below D1before continuing up and of course D1 is above W1. image

Cable Update (GBPUSD)

Sorry i added a new post which you might not have seen , it should of read H4 correction with H1 entry to take us up to the daily RBS and as you said we are at the top of 4H range and if it breaks probably a pb where i can get in long. image

Cable Update (GBPUSD)

Change that to First PB on H4 long from H1

Cable Update (GBPUSD)

Ok stopped out So D1 above WK1 but corrective as moving against MN1 First pb on H1 will take a long

Cable Update (GBPUSD)

A bounce down would be nice so i can get out with a smaller loss and then consider taking a long

Cable Update (GBPUSD)

Might have to take a loss on this trade soon, two errors on my part. Did not match the lower high lower low swing on H1 with H4 bars and i kept saying that D1 has closed through W1 and should not short but no problem i will ride it out to my stop if ...

Cable Update (GBPUSD)

Moved back down through the 15 minute lets see what it does when it gets to H1 @2736 and seems to have bounced of that RBS area on the chart i posted earlier. Taken a loss , good luck to the longs

Cable Update (GBPUSD)

Not sure what you mean? I do not use fractals

Cable Update (GBPUSD)

Looks like we are going for the full liquidity sweep or this trade is wrong. Red news later image

Cable Update (GBPUSD)