CoreyG
Short

GBPJPY short setup

FX:GBPJPY   British Pound/Japanese Yen
214 1 18
Looking for a short. See how it reacts at Trendline and 0.618.
Bleck
a year ago
I agree with your analysis! As there are only 7 waves so far in your blue round C wave, I would just label it as a double 3 (combination) instead of looking for a WXYXZ ( rare occurrence in Elliott Wave theory) Anyway the conclusion is the same and the 0.618 looks like a good level for a short entry !
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