FX:GBPUSD   British Pound/U.S. Dollar
181 3 7
7 months ago
please see chart
7 months ago
Comment: nice rejection from the PRZ area, please see comments for Fib adjustments
7 months ago
Comment: first target hit 70 pips (long)
7 months ago
Comment: nice rejection from the 0.382 level, I took a short 1.41717
7 months ago
Comment: now 120 pips between the long and short, and the short SL at BE now
I likeyour wave count, although why not have an (e) (b) as the corrective structure right at the end before a push up to (c)?

I just did an analysis an find fractal resistance at 1.4640 where price is likely to rebound (similar a,b,c correction) to before dropping :
The Definitive Elliott Wave Structure for GBPUSD (Daily TF)
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NidalDarawsheh PRO theforexarmy
7 months ago
Hi, Thanks for your comment, at the end of the day I do believe that EW is subjective rather than an objective theory, I have been following one count for the last year and it's working fine so far, please see that attached 2 ideas for the bigger picture
GBPUSD - Be GREEDY WHEN EVERY ONE IS FEARFULL - MORE SHORTS
IRREGULAR WAVE B - POUND SHORT
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