CABLE (GBPUSD): WAVE (C) in play - daily chart
I think that we are in a corrective ABC structure inside a wave (C) in the daily chart.
According with this count we may are inside a bigger wave 4 before another big dip for the wave 5, or the previous impulsive movement may already be over also.
So if this count is correct we may have 3 different potential targets for the completition of this (C):
1) 1.374xx in case of a regular flat 3-3-5 ABC
2) 1.43 in case of an expanded flat 3-3-5 ABC
3) 1.518xx in case of a running flat 3-3-5 ABC (that's the mostly rare case of this type of corrections, so this target will be difficult to reach i think, but not impossibile)
Lets see what will happens!
According with this count we may are inside a bigger wave 4 before another big dip for the wave 5, or the previous impulsive movement may already be over also.
So if this count is correct we may have 3 different potential targets for the completition of this (C):
1) 1.374xx in case of a regular flat 3-3-5 ABC
2) 1.43 in case of an expanded flat 3-3-5 ABC
3) 1.518xx in case of a running flat 3-3-5 ABC (that's the mostly rare case of this type of corrections, so this target will be difficult to reach i think, but not impossibile)
Lets see what will happens!
Comment:
tp1 almost reached:
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This might be a valid inner count:
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TP1 kissed!
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