JamesBondb0
Short

Elliott ABC at least

FX:GBPUSD   British Pound/U.S. Dollar
142 0 1
This is a perfect example of Elliott wave theory at its best, After a five wave move to the upside there is at least a three wave move to the down side to around the area of the previous fourth wave. After taking the distance of wave 3 to 5 starting at the end of wave 2 the very least that should happen is an Elliott wave correction which retraces 38.2% of the move which would put us close to the previous fourth wave and after calculating where wave C of the correction should be it comes close to the same area and forms a Fibonacci resistance zone .Price target is 1.6080 form the point where I got short at 1.6380.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out