FX:EURGBP   Euro / British Pound
Wave C retrace will happen but not sure of timing. You could count two days UP followed by last two days DOWN as balanced out and therefore next move is up. However, the three days after the end of wave 5 with two days of indecision on price means more caution is required.


In trading using elliott wave, you have to analyse starting from the monthly wave..currently we are at wave 5 up and will break previous HH.
nelsyboy Daus2910
@Daus2910, Thank you for the advice. I will look into the monthly charts. I did read that each wave of a true elliott wave could be broken down into mini elliott waves no matter what the timeframe.
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