place with (I) leg ended. Before I call a level strong, the same level must met the following conditions. Watch as Jody demystifies the Elliott Waves, breaks them down, and shows specific strategies to trade each type of market cycle in currencies. Gbpusd extended its advance, reaching the specified target, before reversing gears and registering lower lows. advertisement, our preferred count on the daily chart remains that a wave (II) from.2329 ended.5145 with A-leg ended.4720, followed by wave B.2457, the wave C from there was also a 3 legged move and is labeled. On the other hand, a post above the alternate counts confirmation point would imply that higher highs remain in store for Cable.
At this workshop, Jody will reveal her favorite setup that you can use immediately after the workshop. Looking ahead, only a break above resistance.2035 would retain bullishness and signal early upmove has resumed for retest.2093 first. The rise from.8228.9593 is labeled as wave I, the retreat.8352 is wave II and the rally.3670 is wave III. This one setup alone will transform your trading results! Only above.1940 would revive bullishness and signal the retreat from.1961 has ended, bring retest of said resistance, break there would extend the rise from.1554.2000. EUR/USD.1790, eUR/USD: Wave (c) of 2 ended.3993 and wave 3 of III has commenced for weakness.0411 (1.236 of wave 1 then.0000. The single currency met resistance.1863 last week and has retreated, retaining our view that further consolidation below resistance.1961 would be seen and test of support.1713-17 cannot be ruled out, however, break there is needed to signal the rebound from. Again, when drawing my support and resistance levels, I use a range, not a single line, this is because price tends to test particular level before retrieving, range caters for these levels. Jody will show you how to be on the right side of the market, so that you consistently pull profits out. Must have been used as a resistance before.