{lang: 'en-US'} Introducing:EUR/GBP Elliott Wave Count ~ ElliottFxTrader Blog

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Wednesday, 23 January 2013

Introducing:EUR/GBP Elliott Wave Count

On Monthly chart we can see that the price is near to finish the wave 4 of the whole decline. Please notice that a break above 0.8645 will invalidate the count


On Weekly chart  wave 4 shows some kind of weakness as the Triple Zig-Zag makes final vertical leg to the upside as a wave 5.




Daily chart seems to be confirming all the assumptions as the wave 5 has ended with Ending Diagonal Triangle:



H4 chart provides the details about the count. Please notice that this structure might not be finished and the latest wave up could be only wave A of a final structure. Nevertheless, we can look for another clue to the Non-Linear Regression Modeal - the downward slope shows the direction















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