GBP.USD

**arco** · 29-08-2008, 08:24 AM

Morning Peat

Just checking to see if you were paying attention.

Three Little Indians was a setup popularised by Linda Bradford Raschke (also known as Three Pushes to a Top, Three Drives, Three Waves to a Peak, Three Monkeys on a Branch, etc).

It almost looks like we've got 4 Little Indians this morning......should I be first to name it......OK

4 bangs to the bottom - a very rare pattern indeed

Lets see is if rings the tills for 200 pips

**arco** · 29-08-2008, 03:08 PM

.
4 Bangs on the Bottom....heres the chart

Should meet some resistance at the TL no doubt, but can
it make it to the 8500-8600 area...........well maybe just fx.

arco

**arco** · 29-08-2008, 03:31 PM

3 Little Indians - I knew if I looked long enough, I'd trace them in the wigwams of the computer.

**peat** · 31-08-2008, 11:07 PM

Update For: August 8
Posted On: Fri, 08 Aug 2008 00:49:17 GMT
GBPUSD
Last Price: 1.8528
Support: 1.8505, 1.8335, 1.8145, 1.8090
Resistance: 1.8615, 1.8685, 1.8795, 1.9000

The weekly chart reveals how it's possible to count five waves up from 1.7049. With an impulsive decline from the peak above 2.1100 we have to consider the potential that a top is in place.

So we have to acknowledge the count shown on this monthly chart that has a significant peak in place.

**arco** · 01-09-2008, 02:26 PM

Thanks Peat fro the EW charts.

Those 3 or 4 Little Indians are definitely not playing the game........

......you wait til Linda finds out.

**dumbass** · 04-09-2008, 07:04 PM

BOE rate decision tonight at 10 pm nz time,

rate cut has been ruled out by polled reuters economists.

BOE have a history of surprising and from current chatter and data seems there

may be an outside chance of a cut which should provide a breakout opportunity lower.