GBPUSD EW Count: Bullish Bat May Complete Double Zig Zag

Mornin' traders! The correction has continued into a double-combination channeling zig-zag. The zig-zag is currently in wave-iii-of-(c)-of((y))-of-X which is not the optimal tie to enter. In addition to the wave count, a bullish bat is complete at previous structural support and may act as a catalyst to start the sideways correction into wave-iv. Since my bias is bullish after the zig-zag completes, I will be waiting for an impulse upward before buying the pullback in order to trade this bat pattern. I will provide updates on this one as well. Happy Trading!

Yorum:

Great lesson for harmonic traders! Please don't let it go to waste.