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Thursday, February 13, 2014

GBP/USD - The B-wave triangle may already have terminated.

GBP/USD

Important resistance at 1.6624 is still unbroken, but if this resistance is broken, we need to consider that wave E of the long term B-wave triangle became unusual small and wave C higher is developing. Wave C should be a impulsive rally (5 waves) and the ideal target for wave C comes in at 1.9418.

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5 comments:

  1. AppellFebruary 13, 2014 at 11:41 AM

    Sorry EWS but too often you're wrong and I do not consider these lines not as a warning:

    "Red wave iv of C ended at 1.6434 almost perfectly at the 50% corrective target of red wave iii.
    I will now be looking for a break below 1.6383 to confirm that red wave v lower towards at least 1.6173 and ideally we will see it lower towards 1.5854, maybe in a more complex correction, but time will show."

    at least 1.6173 .... who it believes is seelig or what ... ?

    Again, that was not a warning but as definitely wrong forecast, which you have published in many currency pairs for months.

    Thanks for your answer but I trade a lot better if I ignore you. Constantly you're on modifying your announcements and very often it comes to some hundred pips difference that you define wrong. If one relies on your Trade announcements, he loses his money. I have no longer trust and read nothing more of you.

    Best wishes and Greetings

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    Replies
    1. Elliott wave surferFebruary 13, 2014 at 1:04 PM

      Hi Paulina,

      I'm sorry your feel that way.

      I think you should take an extra look at this update from November 2 - 2013, where a warne of the possible sub-normal wave E

      http://theelliottwavesufer.blogspot.dk/2013/11/elliott-wave-analysis-on-gbpusd-usdjpy.html

      I don't think it's fair to blame me for your loss, but then it's your previlige to do so.

      I can only wish you the best and hope you will be successful in your Trading going forward.

      Kind regards
      EWS

      Delete
  2. ZinkFebruary 13, 2014 at 3:19 PM

    Hi!
    I win money follow the signals from this website! Especialy until october 2013.From october till now i have to recognize that acuracy was not great! But EWS dont tell buy or sell, that decision belongs to the trader! I have to tell that sometimes i didnt win money because i doubt from this analises.

    EWS your friends (www.wavetrack.com) keep advise that this rally of gbpusd ends 1,67 then donw to 1,58!
    Do i have to trust them or in you?

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    Replies
    1. Elliott wave surferFebruary 13, 2014 at 4:07 PM

      Hi Zink,

      Thank you for your input.

      Well I think it would be worth waitning for the final confirmation of a break above wave b at 1.6747 if this resistance is broken, then the should be no more doubt that we are headed higher in wave C towards 1.94

      But as you say the call is all yours

      Kind regards
      EWS

      Delete
    2. ZinkFebruary 13, 2014 at 4:23 PM

      one handicap of tecnical analisies is considering that fundamental analises not influence tecnical analises...but we cant look for the economic recover of GBP! thats why all chart patterns are not acomplish

      Delete

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