GBPJPY Elliott Wave cycles on the weekly.
s3.amazonaws.com/tradingview/snapshots/i/ItMdsODV.png
GBPJPY Elliott Wave cycles on the weekly.
It's not a true impulse because wave 5 far exceeds wave 1. Without Brexit I believe a clean impulse would've occurred..
Regardless, I think we'll test the 50% again (first week of April), before bouncing up for the C leg.
If 50 retrace breaks down the ABC correction could still be in play a week or two later.
GBPJPY Elliott Wave cycles on the weekly.
It's not a true impulse because wave 5 far exceeds wave 1. Without Brexit I believe a clean impulse would've occurred..
Regardless, I think we'll test the 50% again (first week of April), before bouncing up for the C leg.
If 50 retrace breaks down the ABC correction could still be in play a week or two later.
Feragatname
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