EUR/GBP and The Elliott Wave PatternHere's an hourly chart of EUR/GBP, which started to make the bullish Elliott wave pattern. The ABC correction is remaining.
The 2nd wave is 23.60% of wave 1.
The 3rd wave is more than 161.80% of wave 2.
The 4th wave is 38.20% of wave 3.
The 5th wave is 61.8% of wave 4.
In the ABC correction, A is 61.80% of wave 5.
B will be at 50% or 61.8% of A, so the targets for B is 0.91250 - 0.91370 , and if it crosses 0.91370 , the next target will be 0.91590 .
After that, the trend will fall to make a C, and the targets for C are following 0.91380 - 0.91160 - 0.90458 .
