DenisGerasimov54

The beginning of the development of the wave {3}

Long
FX:GBPJPY   British Pound / Japanese Yen
The wave {2} took the form of an irregular traveling correction and the wave {3} began to develop. Since the extension was in the wave {1}, it is fair to assume that the wave {3} will be shorter than the first, hence the wave {5} will be shorter than the third.
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