FX_IDC:GBPUSD POUND STERLING / US DOLLAR
Although fundamentals, experts and banks forecast the pound a lot lower from here my analysis at least suggests that the pound could be finding a bottom in the nearish future. Of course. my projected wave 5? could just as easily be the end of of wave 3 down.
The problem with the ending diagonal count is that wave iii would now be the shortest wave breaking a rule of Elliot. This means to me that it is more likely the 3rd wave down or about to begin the 5th wave of larger 3rd wave and the pound has a fair way to decline yet (if that makes sense?).