Will look for a long
possible daily flat correction with some rsi divergence on daily
if i see a one hour correction i will buy it - no abc correction no buy. (look for a fib retracement)
stops below daily flat - targeting previous highs and then fib extensions
If gbp falls from here i think we can expect a zigzag for z or hopefully a triangle which will give the price action a curved half moon look and an easy buy set up
please see the previous wxy and curved half moon appearance of the price action
in between the 2 corrections i count 12 - extended 3 -- 4 - and truncated 5th that is the only way I can justify my wxy ...
the 4 hour divergence on euro
what to look for using elliott wave ( on 1h and 15 minutes)
ending diagonal warns of reversal ( only to that specific time frame ) if you get an ending diagonal on 1 hour and then on 15 minutes as well the fall should be compounded
if you can learn this sl can be very minimal and support and resistance levels can be an addition ...
A few option on eurnzd
wave 4 higher degree is complete and you can see 4 hour wave count for a leading diagonal in this option it is wave 1 of wave 5 wave 2 complete and wave 3 of 5 has started.
wave 4 is not complete wave a is a leading diagonal of zigzag with wave b being complete and c is in progress with more downside to ...