Bullish or bearish GBP?

I find that the GBPUSD is often a great example of Elliott Wave in action but the practical problem as always is trying to work out which of the counts is going to actually happen, if at all. In this chart of another obscure etf that I like I found it interesting how the median line on the modified Schiff pitchfork acted like a magnet and a stopping point and also how many times Fibonacci has been respected in the movements since 2014 and how clear the waves are. As ever, the question I have is whether my blue ( bullish for the Dollar) count has now started it's 5th wave or if the decline from January was the beginning of a major trend change and I should switch to a Long Pound short Dollar etf. Decisions, decisions......

Yorum:

ummm.....target 8817?