by Ramki | Sep 4, 2011 | GBP
The Pound has finished a five wave move from 1.4235 to 1.6720. Hence, we will be looking for a correction that is bigger than either of the two corrections seen during the 5 wave upmove. All corrections tend to be in sets of three waves (or their combinations) As wave...
by Ramki | Aug 21, 2011 | GBP
The Medium Term Outlook for the GBP/USD using Elliott Wave analysis is best figured out by starting your query from the longer term chart. A clear five wave decline from 2007 ended in 2009. That decline is being corrected in a 3 wave pattern, ABC. We seem to be in...
by Ramki | Jul 26, 2011 | GBP
Just about 5 weeks ago, while discusing the GBP/USD outlook, I pointed out that a leading bank was calling a head-and-shoulders top in the Pound, and they had gone short at 1.6133 with a stop at 1.6305. From an Elliott Wave Principle point of view, it did not seem...
by Ramki | Jun 23, 2011 | GBP
Yes, the Pound is going down. It doesn’t matter that I dont think we posted a Head and Shoulders top there. I must have caused some of you to miss out a neat trade. Guess thats the price of being cautious.
by Ramki | Jun 22, 2011 | GBP
A leading bank and an active player in the FX market has gone short in GBP/USD at 1.6133 with a stop at 1.6305. Why? It is because they have spotted a head and shoulders formation! Over the years I have seen hundreds of ‘potential’ head and shoulders that trap traders...
by Ramki | Aug 8, 2010 | GBP
Are we going to see a test of 1.6170 directly? and If we do get there, will we get a 10-big figure decline from there? These are some of the questions that the Wavetimes watcher must be having. Elliott Wave Analysis of GBP/USD suggests that so long we we stay above...
