chessnut

GBPUSD EW analysis flat correction complete - sharp reversal

FX:GBPUSD   İngiliz Sterlini / ABD Doları
A flat correction in EW analysis is a 3-3-5 pattern. Wave B of a flat may surpass the extreme of wave A. Wave c must be an impulse. Here the requisites of a flat corrective count are met where wave V is an exciting ending diagonal - exciting because, like triangles, ending diagonals reverse sharply, and travel at least to the beginning of the move quickly. I believe we will begin trending towards new lows in the GBPUSD, and EURUSD as well from this point. Im not overly bearish however, I believe these will be the last lows for a fair amount of time. See my link below for an example of how this count should play out.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.