UnknownUnicorn6293208
Short

Flat Correction into Impulse Waves

FX:GBPAUD   British Pound / Australian Dollar
Last Friday Flat Correction structure was about finishing up and into it's first impulse waves.

1st Wave is finished followed by a correction wave 2, which has a triangle looking patterns A-B-C-D-E .

After correction we all can anticipate another impulse into number 3.

Do allow the market to play out being this is not an easy structure to perceive being that a lot of people are only looking at imaginary support and resistance zones which don't exist in the forex market, only psychologically.

Happy Hunting.
Comment: After letting the market play out, this structure does not have the impulses I was expecting, but instead, I'm noticing there are multiple corrective structures stringed together forming a much bigger corrective structure, either a bigger Flat correction, or a start of a bigger Termination Triangle Pattern being that we are at the end of a weekly structure
Comment: This is still a correction, do not consider this a reversal or bullish action, but more of a bigger correction structure that is building up within a bearish weekly structure

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