British Pound / U.S. Dollar

GBPUSD Elliott

By wolffarchitecture

Updated

Midterm count. Seems close to a top. This could be the completion of the first A-wave of a larger correction (down for a B then back up higher for a C) or we could head for a new low...not enough evidence yet.
there should be 1-more small wave up, but I don't trade the "last" wave (sometimes it doesn't happen)

Note

snapshot

Note

We seem to in a corrective upward price re-test. The question is: A retest of what?

snapshot

Comment: EURUSD long-term
white - main count, first
yellow - second
cyan - third

Note

snapshot

wolffarchitecture

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.