FX:GBPUSD British Pound/U.S. Dollar
This is an excellent example of an impulse in the GBPUSD . The form is textbook, the third wave is extended, typical of the third wave. Wave iv has bottomed in the vicinity of the previous wave (iv), and we can see two fractals deep into the system. wave IV is a clear corrective abc, so RR is very well defined and the reward is generous. Looking at the bigger picture, this impulse is probably a wave iii of a larger impulse where (I) is lower down in the picture.
I agree with the PA although if you believe that the bearish cycle starts from the bottom extreme then the upper trend line of that wedge has no relevant points of coincidence. so generally Im bearish like that but I think this impulse will still have one larger wave V nested in it than the one published and then I'd start looking for some serious topping.