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26 Aug 2011 20:42:40 -0000 Sender: Divergence@yahoogroups.com MIME-Version: 1.0 Mailing-List: list Divergence@yahoogroups.com; contact Divergence-owner@yahoogroups.com Delivered-To: mailing list Divergence@yahoogroups.com List-Id: Precedence: bulk List-Unsubscribe: Date: Fri, 26 Aug 2011 15:08:45 -0400 Subject: [Divergence] RE: gbpusd, regarding last analysis [3 Attachments] Reply-To: Divergence@yahoogroups.com X-Yahoo-Newman-Property: groups-email-ff-m Content-Type: multipart/alternative; boundary="nwmZdTZEyr7en48XFzKUmSc8NG5u3kCrRTB2eZ8" --nwmZdTZEyr7en48XFzKUmSc8NG5u3kCrRTB2eZ8 Content-Type: text/plain; charset=utf-8 Content-Transfer-Encoding: quoted-printable Hello Victor, I attach two charts re your questions. Monthly; EW in this period are labeled. Price has recently established the conclusi= ve high of wave c/B and is presently searching for the low of wave C. This= pair has been tracing 3 wave corrective patterns not 5 wave. These 3 wave= patterns are more difficult to trade. I use indicators as shown because t= hey provide insight as to identification of price in the EW cycle. RSI and both MACD indicators were morbidly oversold at wave A low. RSI tra= ced an important complex W below both 30 and 20 RSI lines which suggests pr= ice will later close below wave A low. Since that low RSI has traced above= 50 incident to wave c/B, therefore price may now trace to the projected lo= w.=20 Vertical lines mark each wave high or low fractals and should be used on an= y period under analysis.=20 Daily; Price high at C is the monthly c/B high. Price and indicators have traced = two complete a, b and c corrective patterns. The first identifies period w= ave A low, the next wave B/c. Price is presently, in this period, searchin= g for the low of wave C, longer term monthly also wave C. There are no RSI or MACD divergences which is typical of 3 wave corrective = patterns. However 20/200 SMAs trace an important internal negative diverge= nce between wave b high on 5/31/11, and wave c/B high on 8/19/11. Price wa= s higher however the distance between the 20/200 was smaller at wave c/B. = This tells the analyst that bulls have lost strength at the later higher pr= ice value. Two double arrows are placed on chart documenting this price iss= ue. Comments; I have attached one of the templates I use for your consideration. It incl= udes ZUP76 which I have deleted from these charts for clarity purposes. New vertical lines are placed on daily as landmarks of specific wave high a= nd low events. This practice makes it easier to keep trace of price locati= on in the EW cycle of the time period analyzed.=20=20 =20 Loren -----Original Message----- From: Victor Velchev [mailto:victor.velchev@gmail.com]=20 Sent: Friday, August 26, 2011 6:56 AM To: Divergence@yahoogroups.com Cc: Loren Morlan Subject: gbpusd, regarding last analysis Hello Loren and group, I have a question regarding the last discussion about the gbpusd. I've atta= ched the last chart for quick reference. My question is whether our count w= as wrong or can the expected wave C be with a much higher low than wave A (= being irregular shaped or truncated by a higher period wave structure)? I'm= asking this because I'm puzzled how the price action developed after the l= ast count (2 august), with the pair reaching a higher high than wave B and = not having an impulsive wave South for wave C. Thank you for your time and = efforts in the group. Victor --nwmZdTZEyr7en48XFzKUmSc8NG5u3kCrRTB2eZ8 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: 7bit  
[Attachment(s) from Loren Morlan included below]

Hello Victor,
I attach two charts re your questions.

Monthly;
EW in this period are labeled. Price has recently established the conclusive high of wave c/B and is presently searching for the low of wave C. This pair has been tracing 3 wave corrective patterns not 5 wave. These 3 wave patterns are more difficult to trade. I use indicators as shown because they provide insight as to identification of price in the EW cycle.

RSI and both MACD indicators were morbidly oversold at wave A low. RSI traced an important complex W below both 30 and 20 RSI lines which suggests price will later close below wave A low. Since that low RSI has traced above 50 incident to wave c/B, therefore price may now trace to the projected low.

Vertical lines mark each wave high or low fractals and should be used on any period under analysis.

Daily;
Price high at C is the monthly c/B high. Price and indicators have traced two complete a, b and c corrective patterns. The first identifies period wave A low, the next wave B/c. Price is presently, in this period, searching for the low of wave C, longer term monthly also wave C.

There are no RSI or MACD divergences which is typical of 3 wave corrective patterns. However 20/200 SMAs trace an important internal negative divergence between wave b high on 5/31/11, and wave c/B high on 8/19/11. Price was higher however the distance between the 20/200 was smaller at wave c/B. This tells the analyst that bulls have lost strength at the later higher price value. Two double arrows are placed on chart documenting this price issue.

Comments;
I have attached one of the templates I use for your consideration. It includes ZUP76 which I have deleted from these charts for clarity purposes.

New vertical lines are placed on daily as landmarks of specific wave high and low events. This practice makes it easier to keep trace of price location in the EW cycle of the time period analyzed.

Loren

-----Original Message-----
From: Victor Velchev [mailto:victor.velchev@gmail.com]
Sent: Friday, August 26, 2011 6:56 AM
To: Divergence@yahoogroups.com
Cc: Loren Morlan
Subject: gbpusd, regarding last analysis

Hello Loren and group,

I have a question regarding the last discussion about the gbpusd. I've attached the last chart for quick reference. My question is whether our count was wrong or can the expected wave C be with a much higher low than wave A (being irregular shaped or truncated by a higher period wave structure)? I'm asking this because I'm puzzled how the price action developed after the last count (2 august), with the pair reaching a higher high than wave B and not having an impulsive wave South for wave C. Thank you for your time and efforts in the group.

Victor

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Attachment(s) from Loren Morlan

2 of 2 Photo(s)

1 of 1 File(s)

! macd + rsi.tpl
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