GBP/AUD Long and Medium Term Counts - Since the March 2013 low at 1.4375 we have seen a very strong rally to 1.7483, which marks wave 1 and wave 2 was a shallow decline to 1.6641 barely correcting 23.6% of wave 1. This is a sign of underlying strength and a sign that wave 1 extended. When wave 1 extends normally the top of wave 5 will come in at distance traveled in wave 1 added to the bottom of wave 2, which in this case will call for wave 5 at 1.9749. However a much more bullish count could be unfolding, which only had wave (i) of 3 from 1.6641 to 1.9186 and wave (ii) corrected a little more than 50% of wave (i) and wave (iii) higher is now unfolding towards at least 2.1704 and possibly higher. However, time will have to show, which count is the correct one.

GBP/AUD Long and Medium Term Counts - Since the March 2013 low at 1.4375 we have seen a very strong rally to 1.7483, which marks wave 1 and wave 2 was a shallow decline to 1.6641 barely correcting 23.6% of wave 1. This is a sign of underlying strength and a sign that wave 1 extended. When wave 1 extends normally the top of wave 5 will come in at distance traveled in wave 1 added to the bottom of wave 2, which in this case will call for wave 5 at 1.9749. However a much more bullish count could be unfolding, which only had wave (i) of 3 from 1.6641 to 1.9186 and wave (ii) corrected a little more than 50% of wave (i) and wave (iii) higher is now unfolding towards at least 2.1704 and possibly higher. However, time will have to show, which count is the correct one.

GBP/AUD Long and Medium Term Counts

Since the March 2013 low at 1.4375 we have seen a very strong rally to 1.7483, which marks wave 1 and wave 2 was a shallow decline to 1.6641 barely correcting 23.6% of wave 1. This is a sign of underlying strength and a sign that wave 1 extended. When wave 1 extends normally the top of wave 5 will come in at distance traveled in wave 1 added to the bottom of wave 2, which in this case will call for wave 5 at 1.9749. However a much more bullish count could be unfolding, which only had wave (i) of 3 from 1.6641 to 1.9186 and wave (ii) corrected a little more than 50% of wave (i) and wave (iii) higher is now unfolding towards at least 2.1704 and possibly higher. However, time will have to show, which count is the correct one.

Duane
2018-03-03
Hey EWS,

I just wanted to thank you for posting your charts. They are of great help to me. Your charts are a great teaching aid for learning Elliott Wave.

Duane
Duane
2014-05-27
Hi EWS,

Just wanted to send a word of thanks for all of the hard work that you
do, and to show you that I personally have paid for my subscription many
times over with the fantastic work that you...
Hani
2014-06-06
I have been a fan of you blog for several years!
I am so impressed at your renewal.
Elliott wave analysis is so difficult to me, but so interesting and useful.

Thank you
Hani