Talking Points:
Technical Strategy: Turning Bearish
Elliottwave Count : We are in process of completing wave B.
HTG Note:
Near term outlook suggesting to have one more leg up towards 0.89523 where wave (B) can be completed, post that, we can expect temporary bearish correction kick off which can be targeted well below 0.8010.
Action
Wait and see...
In the previous post we have used the Price Action data from the Scottish UK Referendum for GBPUSD for the 3-days on and around the vote so the 17th, 18th (vote day) and 19th (result day) of September 2014 as a gauge to forecast whats in store for Price action on Wednesday, Thursday and Friday this week (the parallel days for both of the referendums).
...
UK EU Referendum (Brexit) vs Scottish UK Referendum Price Action Forecast:
- We will use the difference in ATR and volatility between the 3-day run up into UK EU Referendum (UER) and the Scottish UK Referendum (SUR) in order to forecast what we expect price action to show on the 22nd, 23rd and 24th.
2014 SUR 3-DAY EVENT (17,18.19)
1. 1-Period ATR for the...
