{"id":65392,"date":"2014-12-17T09:14:16","date_gmt":"2014-12-17T14:14:16","guid":{"rendered":"http:\/\/countingpips.com\/?p=65392"},"modified":"2014-12-17T09:14:16","modified_gmt":"2014-12-17T14:14:16","slug":"descending-correction-gbpjpy-wave-analysis","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/12\/descending-correction-gbpjpy-wave-analysis\/","title":{"rendered":"Descending correction. GBP\/JPY wave analysis"},"content":{"rendered":"<div id=\"inves-659475087\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 17, 2014<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>Article By <a href=\"http:\/\/roboforex.com\/\" target=\"_blank\"><span style=\"text-decoration: underline;\">RoboForex.com<\/span><\/a><\/strong><\/p>\n<h2>Analysis for December 17<sup>th<\/sup>, 2014<\/h2>\n<p><img decoding=\"async\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/December\/17\/1.png\" alt=\"\" \/><\/p>\n<p>In our previous review, \u201cThe start of the trend reversal. Wave analysis of GBP\/LPY for 09.12.2014\u201d, we discussed one of the possible scenario how the price may finish an ascending wave <strong>[v] of 5 of (1)<\/strong> and start a descending correction <strong>(2)<\/strong>.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/December\/17\/2.png\" alt=\"\" \/><\/p>\n<p>If the assumption about the completion of an ascending impulse <strong>(1)<\/strong> is correct, then the pair is expected to start a large descending correction <strong>(2)<\/strong>, maybe in the form of <em>zigzag<\/em>.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.roboforex.com\/files\/filemanager\/image\/forecasts\/2014\/December\/17\/3.png\" alt=\"\" \/><\/p>\n<p>Probably, the market has started forming a descending correction <strong>(2)<\/strong>, the form of which isn\u2019t quite clear yet. Possibly, at the moment, the price is finishing a descending impulse <strong>[i] of A of (2)<\/strong>. If this assumption is correct, then after an ascending correction <strong>[ii] of A of (2)<\/strong>, the downtrend may continue inside impulse <strong>[iii] of A of (2)<\/strong>.<\/p>\n<p>However, at the same time one should remember that any possible scenario is subjective and the market may move in a completely different direction.<\/p>\n<p><strong>RoboForex <\/strong><strong>Analytical <\/strong><strong>Department<\/strong><\/p><div id=\"inves-2813566967\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p><strong>Article By <a href=\"http:\/\/roboforex.com\/\" target=\"_blank\"><span style=\"text-decoration: underline;\">RoboForex.com<\/span><\/a><\/strong><\/p>\n<p><strong>Attention!<\/strong><br \/>\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article By RoboForex.com Analysis for December 17th, 2014 In our previous review, \u201cThe start of the trend reversal. Wave analysis of GBP\/LPY for 09.12.2014\u201d, we discussed one of the possible scenario how the price may finish an ascending wave [v] of 5 of (1) and start a descending correction (2). If the assumption about the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-65392","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/65392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=65392"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/65392\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=65392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=65392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=65392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}