There are no valid Elliott Wave trades available at this time. Stay out of the market.

Extensive Elliott Commentary for GBPUSD240 (Daily) on 14-Jun-2007 with one incomplete pattern:

Wave D of the Primary degree inverted Contracting Triangle with a rating of 104.6 is expected to complete in the price range 1.9676 to 1.9783, but more probably between 1.9684 and 1.9715. This wave could complete anytime between now and 25-Jul-2007, but is most likely to complete sometime between 16-Jun-2007 and 12-Jul-2007.

Once this wave D is complete, expect the market to continue up to the end of wave E, which will most probably be a ZigZag family pattern or possibly a Contracting Triangle. Expect wave E to have between 40% and 70% of the price range of wave C and complete in 27% to 106% of the time taken by wave C. Expect also that wave E will have between 26% and 56% of the price range of wave A and complete in 14% to 66% of the time taken by wave A. The slope (ie. price range divided by time taken) of wave E should be between 58% and 209% of the slope of wave C and between 76% to 307% of the slope of wave A. Wave E will complete this Contracting Triangle.


Current Analysis Settings:
Analysis Date Range: 02-Jan-2007 to 14-Jun-2007, Label Range: 7 - 30, Preferred Count Labels: 18, Min Rating: 75, Stocks toggle OFF, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any Pattern

Analysis were made using the Refined Elliott Trader software..