Elliott Wave Weekly: GBPUSD Second-Wave Bearish Correction
GBP/USD, Weekly chart. The main outlook remains in force. The fifth of the ending diagonal is likely over. If correct, we’re at the beginning of a new bullish market. In this case, the price should continue unfolding wave ((1)) or ((A)).
GBP/USD, 15H chart. It seems like the fifth wave of wave (1) might have been in place. If correct, we’re likely at the early stages of a second-wave correction.
Reprinted from ActionForex，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.