GBP/JPY H1 & H4 Update + TPI

 Rationale:
Two different counts here with slighty differnet outputs.
On H1 there is a Double Three wave 2 count with latest wave labeled as wave 3. Right now the price is looking for a levet to retrace to – then one more to the upside possible. Probably this wave 4 will be simple correction because wave 2 was complex time consuming Double – Three.

On H4 chart there is a Triangle count for comparasion. In this count the latest wave up was the wave 1 of more impulsive development to come. Please notice that wave 2 Triangle pattern is very rare but this one fits very nice.

Entry levels on charts. Use Tight Stops!

Take care,
Seb

About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

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