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Elliott Wave Forex GBPUSD 1 + 4 hr - 14 Dec 2018

Elliott Wave Forex GBPUSD 1 + 4 hr - 14 Dec 2018

Elliott-Wave-Forex-G...

Elliott Wave Forex GBPUSD 1 + 4 hr - 14 Dec 2018

Gbp/Usd 4 Hour Chart
Friday, 14 December 2018 at 5:54:00PM AEST

No change.
GBPUSD made a sharp and strong drop recently, invalidating our EW ending diagonal count in wave C) and forcing us to change the labelling to a W)-X)-Y) correction instead. This is a complex correction, which can now be showing us early evidences of a completion. We see sub-wave Y of Y) that can be completed at the Fibonacci ratio of 138.2, from where price is already rallying higher. An impulsive reaction above the 1.282 level would confirm a bullish reversal.

gbpusd4hr12-14


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