Similar on cable; this one also stays bearish with price now seen in just another corrective fourth wave that can retrace to 1.2867 resistance area where new sell-off may occur towards 1.2700-1.2730 next week.
Cable is currently turning down, ideally unfolding sub-wave C) of a higher degree wave B correction which can look for support and a bounce near the Fibonacci ratio of 78.6. In that zone you can also see 1.2784 swing from September where bears may slow down and maybe cause a strong bounce higher into wave C of a wave II flat formation.
$1 for a 20 Day Trial Membership to see for your self!
Forex GBPUSD Elliott Wave, Forex GBPUSD, GBPUSD Elliott Wave, Forex, GBPUSD, Elliott Wave,
Get Your Trial
20 Days for $1
Pete, I don’t know how you’re doing it but your ability to pick the fall of last night/this morning is impressive. Just wanted to say keep up the good work and looking forward to the latest ASX200 video! Cheers, Daniel B. VIC
Hi Peter, I have to say I am really happy with the practical and grounded accuracy of your updates. With the deluge of data and emotions in trading online it's nice to have the safe haven of your insightful daily updates! Regards. Rod M. NSW
Hi Peter, I have been a TradingLounge Member for only a short time, but I would like to say that I am very happy with what you are doing. A couple of Forex trades that I've done in the past few weeks have put me nicely in front. Thank you. Alan C. QLD
Hi Pete, I HAVE CHANGED from a person with very little experience or knowledge of the stock market a few months ago to pretty much being taught the essence of the market by a market guru (you). I call you Grand Master Pete. Lee M. WA
I will encourage my mate to become a member because it has helped me heaps, with all the educational help from Pete as well as the daily service and the seminar. It's all great, where do I stop? Great service at a great price! Thanks again Jason N. VIC