TradingEW
Long

GBPUSD - predicting the unpredictable correction ii

FX_IDC:GBPUSD   British Pound / U.S. Dollar
69 3 4
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?
Reply
TradingEW 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.
+1 Reply
Excellent
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out