New Elliott Wave Rule Forums

Hi wavers,
This is just my very first attempt to label GBPUSD price action on monthly and weekly chart while I was reviewing the NEWR. To be honest, I haven't got used to and felt confident following NEWR. Everytime I try to dig further into the subwaves, I've got a lot of questions and doubts in my mind. Nevertheless, I finally came up with the count for GBPUSD using the NEWR. Looking forward to comments from Tom and you guys.
A note here: I didn't use the degree labels provided by Tom in the ebook coz I was lazy memorizing the labels but I tried to differentiate them using different colors and sizes. Hope it looks okay, guys. Cheers

[attachment=15]

[attachment=16]

I see where you are coming from but I think the starting point may not
have been right for at least the labels - I think your overall direction
is right.

I have put up a chart on Cable here:

http://newelliottwaverule.org/forums/thread-33.html

See what you think.

hi bro TS hennessy




plz comment my count on gu daily ...
iam using diff colors for labelling..
gu break ress 5520..w'll c 7xxx



4H chart

fail to break ress 55xx
w'll c gu make a new low..

ntah ye ntah idak

Good work.

I am short from 1.5179 from last evening so I guess I agree with your down scenario.

Tom. I've been struggling to get my head round cable. It looks like a cup and handle formation as an aside, but I'm finding it tricky to get a long term fix. My intuition is that cable needs to better 1.60 to complete an RTB-b wave and will then drop in C4 en-route to a final C4 (Your purple label) above 1.70 before falling to new lows. Do you have an updated chart or could you say if I'm on the right track?

Thanks
Dan

Ok, Well something went wrong with the sat-nav so here is my stab at getting back on track. I have some more detailed counts, but first here is the bigger picture. And then a closer look. The rounded nature of the chart implies we can't have any sizeable pullbacks or the count is wrong - Is this a vote for a race to the summit when the fiat money system will finally unravel?

Ever onwards and upwards but I get the feeling the rollercoaster is reaching a top...

Much happier short term than long term on this. Nailed the top near enough over 1.6000. Now the turn proximate to a previous high months back make me wonder if this was an rtb b wave and we are now falling in 4c which must stop before 1.4240 before heading up to above 1.7000 in 5.