GBPUSD Elliott Channels for Top of a Wave 5 Long

British Pound/U.S. DollarFXCM

Description

⋅ Nov 11, 2017 1:45 AM

Wave 2 Retrace between 38.20% and 50.00% of Wave 1.
Wave 3 is 161.8% of wave 1.
Wave 4 Retrace between 50-62% of Wave 3.

Expect Wave 5 to end on one of the two upper channel lines.