Sep 302009

GBP 30 Sep 09We 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.

RamkiGBP 30 Sep 09a

  2 Responses to “Is Cable ready to turn again?”

  1. Mr Ramki,

    Watched it unfold in real time-you nailed the top like a pro…..

  2. 10 minute chart-does it look like 3 waves down rather than 5 i.e ?new high to come or am i counting the waves wrong?

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