GBPUSD - predicting the unpredictable correction ii — POUND STERLING / US DOLLAR (FX_IDC:GBPUSD) / 2015-11-09 — TradingEW

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POUND STERLING / US DOLLAR (FX_IDC:GBPUSD)

FX_IDC:GBPUSD POUND STERLING / US DOLLAR

Wave (b) of correction ii due for completion at the end of ED wave c, near 1.4960.
Setup long for a swift rally from there, with SL at wave (b) limit, target 0.6182 x i.

Nice - how is the limit for expanded flat (b) calculated?

glennmercer

Yes, an EW guideline for a expanded flat correction for wave b is no more than 1.382% x wave a, here expecting a 'failed expanded flat' with short wave c.

TradingEW

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