Edna Glynn
Edna Glynn Articles
After a rally into the trend line as expected, the price structure has now completed a five wave rally in wave 'v' pink. Last night the target for a top was set at 1.1782. The overnight high reached 1.1776 and then sold off in a possible...
The price declined again today as called for by last night’s wave count. The target at 10940 was met, todays low so far reached 109.22. The declining trend channel suggests one more decline to meet the line once more. That could happen at...
Welcome to the weekend! But, no parties for me! As a father of 2 young girls, the weekend is the same as every other day, up early, go all day, and fall asleep quickly and be woken up 3 times a night! Life's good though!
Well! The market finally gave us the action which the main wave count had called for. That is an impulsive decline in a possible wave '3' grey and a break of that important support line at 1.2865.
Today’s action in cable has not offered any more clues to the validity of either wave count shown on the chart. The alternate wave count is just as likely following todays sideways grind. In terms of the action shown in the shaded box, it...
“Bon soir mes amis” We have reached the end of another week. And after a week of impulsive action in wave (c) brown, where each consecutive sub-wave has extended the price higher.
Welcome to another weekend. The time is ticking by! And these price structures are developing slowly, but nicely all the same. Let’s dig into it! EURUSD has traced out a possible five waves to the downside this week. The price broke...
