21092018 GBPUSD

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Daily chart for GBPUSD. I'm bearish for now. I see abc correction for Wave 4 completed, unless it extends and do another abc correction.

1. Wave 3 is shorter then Wave 1, so wave 5 need to be shorter then wave 3, a double bottom perhaps
2. RSI moving up supported by trendline, but is reaching a strong resistance zone
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I feel GBPUSD will go down to complete Wave 5 by doing a double bottom, and then move up for ABC correction.

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Elliott Wavegpbpusdrajeh13Wave Analysis

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