GBP/JPY H1 & H4 Update + TPI

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,

About the author

Sebastian Seliga

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

View all posts

Dodaj komentarz

Twój adres email nie zostanie opublikowany. Pola, których wypełnienie jest wymagane, są oznaczone symbolem *

This site uses Akismet to reduce spam. Learn how your comment data is processed.