I'd like to share what I believe will happen for GBPUSD. According to my Elliott/Hennessy count we are about to go into the wild territory of a 5th wave. This is where the 4th wave of the 5th makes new price territory.
Before it does that there is a chance the 4th wave will retrace forcefully and look like the trend is over. I don't believe it will be the end. The blue line is a rough guide on how I think it will turn out.
Before it does that there is a chance the 4th wave will retrace forcefully and look like the trend is over. I don't believe it will be the end. The blue line is a rough guide on how I think it will turn out.