hey folks, decided to come out of the shadows and get involved in sharing my ideas. I believe sharing my ideas for others to critique with feedback can help me learn to better analyze market trends and where the market may go.
Anyways, onto the chart. EURGBP-0.21% has spiked out of a downtrend. If my wave count is correct it will retrace back to a support level in the blue box and hopefully bounce to upside, otherwise the elliot count would be invalid if wave 4 breaks the high of wave 1.
Anyways, onto the chart. EURGBP-0.21% has spiked out of a downtrend. If my wave count is correct it will retrace back to a support level in the blue box and hopefully bounce to upside, otherwise the elliot count would be invalid if wave 4 breaks the high of wave 1.