Is Cable ready to turn down again?
30 September 2009
We have come a long way in the Pound. Is the Sterling going to turn down at all? From an Elliott Wave perspective, I still think Cable is going to come off once ALL the remaining stops are done. This should happen pretty soon. The diagonal triangle that you see in the 10-minute chart could well be the last formation of the move. Once we move below 1.5990 now, there will be very few buyers. |
Ramki |
If you'd like to see how I work through GBP/USD in real depth, I cover this in Module 9 of my course, a real GBP/USD case study.