I will be following 2- trendline and price action at this level
I will be waiting for pull back to the 50EMA and 0-2 trendline to open position anf to join wave (iii),176.4% extension,as long as vounting is valid wave (ii) a-b-c flat pattern made, we can expect from level of (iii) zig zag correction or triangle for wave (iv) and longer (time) wave (iv)
GBPCAd as expected forming H&S pattern at weekly support level and wave iv is in progress I will be waiting break of neckline and with pullback to the neck and 50EMA rejection add some more position
Wave C of (3) might be in progress,I will follow price actions from current level and look from here what possibilities appear in shorter term counting,we could see bounce from this level for C of (3),price is at the (1)-(2) Trend channel which make it more interesting,pair is in my radar at the moment,first of all i want to see price action(s) how would react to...
(iv) of B is in progress and almost reached Weekly 50EMA and b of (iii) which is critical support for wave (iv),My prediction is if the counting holds all the rules we can see bounce from current levels.I will be watching price action at the mentioned levels to join (v) of B if counting is right and there is no fault with that,price could not travel to...
Wave iv of c from (iii) is in progress.will be following..
We can expect bounce from (ii)-(iv) trendline,and zone ii would be also critical support for iv,because essential construction of rules EW wave iv could not retrace all of iii,I will be following at the mention levels for a long opportunity
Wave ((3)) is in progress,b of v retraced more then 100% of a and we can expect that wave c could tretrace all of wave b this is short term prediction
Wave 5 is in progress in weekly counting,Wave B of 5 is in progress,in 4H counting H&S pattern at the level of weekly demand zone which was respected 10-2016 and 09-2017..
Triangle correction wave (4) seems to be ready,B of (3) could hold as critical support for wave (4) What I am predicting is Wave A of (5) would be in progress as soon...
Lokks like 5 wave up fractal is already done and time for correction A
Wave A of (5) has respected breakout level of (3),I expect wave (b) of (5) will be in progress in upcoming days..
This is how I count I will be waiting for wave (iii) and see the reaction from 176.4% extension
Wave (iv) of C could be in progress...
DOUBLE BOTTOM AND THEN HIGHER HIGHER,BREAK OF TREND AND NOW PULLING BACK,ITS IDEAL TO ENTER LONG WITH 4H CANDLE REJECTION IF NOT RESPECT 38.2% LEVEL AND 50EMA I AM GOING TO WAIT FOR 1D REJECTION...
Wave iv) in progress I am planing to join for wave v) from current price level we can see some more drop to the level of 61.8%...I expect 50 EMA will also support for bounce...wave i) and b of wave iii) is critical support for wave iv)