Elliottwave-Forecast
Short

Elliott Wave View: GBPUSD Ended 5 Waves Move

FX:GBPUSD   British Pound / U.S. Dollar
Elliott Wave View suggests the move lower from March 13, 2019 high (1.3381) is unfolding as an impulse Elliott Wave structure. In the short term chart below, the bounce to 1.2784 ended wave 4 as part of the impulse move from March 13 high. Pair is currently within wave 5 and the internal also unfolds as a 5 waves impulse in lesser degree. Down from 1.2784, wave (i) ended at 1.2661 and wave (ii) ended at 1.2735. Pair then resumes lower in wave ( iii ) towards 1.248, and wave (iv) bounce ended at 1.254 and wave (v) of ((i)) ended at 1.2438 low. Above from there it is currently in wave ((ii)) bounce in 3-7 or 11 swings.

We don’t like buying it and ideally bounces should fail in 3-7 or 11 swings against 1.2788 peak. Afterwards, more downside is expected to take place.
14 days free trial --> https://elliottwave-forecast.com/amember/go.php?r=7975&i=l3 and get Accurate & timely Elliott Wave Forecasts of 78 instruments. Webinars, Chat Room, Stocks/Forex/Indices Signals & more.
How you make the double bracket for the ((ii)) wave?

What degree is that
Reply
@fakhrinsfm, Hi its the Minute degree, thanks.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out