Black and red count stay valid. The potential red diagonal count I showed on Tuesday got dismissed. But potential red v equals potential red i and the current low could work as red (v) of ((i)) in place – now …
With prices printing below 190.60 the abc count got dismissed and I updated the i-v count (now black count). Wave iv retraced 38% and RSi – which prints in a bearish range – shows a negative reversal Sarah
Prices made a new high meaning that potential black count micro ((c)) or red Subminuette wave d of the triangle was not yet in place. Until the top at 2.726 stays resistance both counts are valid.
Prices came down in an impulsive manner and I labeled two counts: orange count for an impulse to the downside and black count for an abc of a ((x)). Suspected black c and orange iii reached 1.618 of black a …
If the current high stays intact, red count Subminuette d of triangle (iv) or black count Micro ((C)) of triangle b could be in place. Sarah
So far the move from suspected red (iv) and black (x) looks in three and the lower boundary of the black corrective channel hasn’t been clearly penetrated. For the red count to gain merits the current low at 2.160 needs …
Despite the holiday I am posting the daily chart of Pound/Yen as well to cover the intraday chart next week: If prices are able to penetrate the lower boundary of the corrective channel and the green dashed trendline the top …
As in Gold I am posting the daily chart today – despite the holiday – to cover the intraday chart next week: so far prices find resistance at the lower boundary of the red channel. For the red count to …
Despite the holiday I am showing the daily time frame today to cover the intraday charts next week: Black count is looking for a zigzag to complete (iv). Black wave b could develop as a triangle. Notice that the 38% …
From today on I will start posting my charts on XAU/USD twice a week. Here is the weekly chart to get an overview for the following updates. Sarah