If it’s a regular flat all waves meet the criteria and it’s ready for wave 5 to move up to 1.300
The only factor to note is that I don’t see divergence on the RSI between sub wave 3 & 5 of leg C. Let’s see how this plays out
The only factor to note is that I don’t see divergence on the RSI between sub wave 3 & 5 of leg C. Let’s see how this plays out
Note
Hi all updated the wave count, it should be W X Y instead of ABC as it is a 3-3-3 corrective structure.
Note
I was unable to confirm the structure. but now its clear watch out for an ending diagonal for GBPUSDNote
Wave C was of the lower degree. GBPUSD will be heading down to 1.16 if its an extension to 161.8%Note
tradingview.com/chart/GBPUSD/xBicPRDg-GBPUSD-possible-shorting-opportunity/. First analysis played out, Short trade was closed as I didnt want to hold trade over the weekend. Looking for long trade setup
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.