here recently we have a seen a impulsive move on GU, now wave theory has been a very powerful tool if applied correctly to strict guidelines. Of course anything can happen in these markets is never for certain. But, if this here hold and plays out, then we have ourselves a good swing... Good Luck to everyone trading the pound this month, we are witnessing history. Personally in this position.
Comment:
Once again, as expected i got stopped out and sure enough, Elliott waves dont lie. Remember waves are tied to human sentiment thus a powerful tool.