GBP/USD retrace up to the 50, then down to finish target

OANDA:GBPUSD   British Pound / U.S. Dollar
Looks like the big 4 is in and we're now building up the 5 down. Expect a small retrace to the 0.5 fib level


From (2)-(3) it seems that wave 3 isnt the longest of them all?

If you were to reconsider the chart, will u mark the ew differently?
ErwinBeckers fakhrinsfm
@fakhrinsfm, remember that Elliott wave Theory states that 3 is never the shortest.
It does not need to be the longest
fakhrinsfm ErwinBeckers
@ErwinBeckers, ok thanks. By the way can i use this marking to guide me on a lower H4 tf?
ErwinBeckers fakhrinsfm
@fakhrinsfm, yes sure, although in forex I would not go under the H1
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