1. Five-Wave Impulse Pattern: The chart shows a clear five-wave impulsive move downward, labeled as (i), (ii), (iii), (iv), (v). This indicates that a downward trend completed its impulsive phase. 2. ABCDE Correction: The correction phase has begun, marked as (a), (b), (c), (d), (e), forming a potential triangle or contracting...
gpbjpy idea using elliot wave and fib retracement so we will be trading a small retracement then continue with the wave As of December 30, 2024, the GBP/JPY currency pair is exhibiting a bullish trend, according to Elliott Wave analysis. The short-term Elliott Wave sequence from the low on August 5, 2024, indicates a bullish progression, suggesting the potential...