If it’s a regular flat all waves meet the criteria and it’s ready for wave 5 to move up to 1.300
The only factor to note is that I don’t see divergence on the RSI between sub wave 3 & 5 of leg C. Let’s see how this plays out
The only factor to note is that I don’t see divergence on the RSI between sub wave 3 & 5 of leg C. Let’s see how this plays out
Comment:
Hi all updated the wave count, it should be W X Y instead of ABC as it is a 3-3-3 corrective structure.
Comment:
I was unable to confirm the structure. but now its clear watch out for an ending diagonal for GBPUSD
Comment:
Wave C was of the lower degree. GBPUSD will be heading down to 1.16 if its an extension to 161.8%
Comment:
First analysis played out, Short trade was closed as I didnt want to hold trade over the weekend. Looking for long trade setup
