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We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter... More
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  • GBPUSD May Reverse Into A Deeper Pull-Back, Towards 1.5480 0 comments
    Jun 18, 2013 4:43 AM

    On cable we can count five waves up in wave A) from 1.5000 psychological level which means that temporary high for this pair could be near if we consider that after every five waves correction follows. With that said, a coming corrective retracement would be red wave B) that is part of an incomplete second zig-zag in wave II. If we get lower levels for wave B) then watch for a bounce/support zone at 1.5480/1.5550.

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