GBP/USD Elliott Wave Analysis
1st wave: 1.34500-1.37500
2nd wave: 61.8% retracement 1.35685
3rd wave: 123.6% of wave 1 up to 1.39500
4th wave: Simple correction 23.6% of wave 3
5th wave: 50-61.8% of wave (1-3) near 1.40800-1.41350
ABC Correction may appear after completion of the 5th wave soon.
2nd wave: 61.8% retracement 1.35685
3rd wave: 123.6% of wave 1 up to 1.39500
4th wave: Simple correction 23.6% of wave 3
5th wave: 50-61.8% of wave (1-3) near 1.40800-1.41350
ABC Correction may appear after completion of the 5th wave soon.
Comment:
www.tradingview.com/chart/QQua8eEp/
Trade active:
If consider 1.42450 as wave 3 completion
than 5th wave Target 1.45600
than 5th wave Target 1.45600