RKchartest

GBPUSD Possible minor wave 4

FX:GBPUSD   British Pound/U.S. Dollar
After having a running flat correction and a 5 wave completion to make wave v, we have completed purple 3. Purple 2 was a rather flat correction , with rules of alternation I am expecting a deeper correction more like a Zig Zag to take place. Using double channels since wave 2 was very shallow. Ill be waiting for a wave "a" and wave "b" to complete before placing a trade to catch "c" wave to complete 4.
Comment: Looks like a triangle forming on the 1 hr for this 4th wave.
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