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Complexcorrection

GBPUSD Alternate Bullish View to 1.6000Please read this post while also reviewing the intraday GBPUSD posted earlier today. This post on the Daily Chart shows an alternate bullish view. My preference is the 3rd wave bearish view listed on the 180 min chart, but we need to keep this one in mind as well. A meaningful push above 1.5650 will elevate this count on route to a 1.6000 retest. I have noted at the top a sequence of 3's and 5's. I can count out a 5 wave down from June 18 to July 8, but it is not the cleanest of moves. It could also be considered a three. Therefore, we have to consider alternate counts if the move in question is a 3. I have found it helpful to label out the sequence above the chart, then like a masterpiece jigsaw puzzle, begin to work the combinations.
by JWagnerFXTrader
55
Silver (XAGUSD) Long setupIdea is based upon Elliott wave theory.More info on the chart. Good luck.
FX:XAGUSDLong
by NQunlocked
55
1122334455
…999999

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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