GBPUSD EW Count: Bullish Bat May Complete Double Zig Zag
Mornin' traders! The correction has continued into a double-combination channeling zig-zag. The zig-zag is currently in wave-iii-of-(c)-of((y))-of-X which is not the optimal tie to enter. In addition to the wave count, a bullish bat is complete at previous structural support and may act as a catalyst to start the sideways correction into wave-iv. Since my bias is bullish after the zig-zag completes, I will be waiting for an impulse upward before buying the pullback in order to trade this bat pattern. I will provide updates on this one as well. Happy Trading!
Note
Great lesson for harmonic traders! Please don't let it go to waste.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.