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7pasos
Feb 21, 2014 4:32 PM

Could be just a leading diagonal 

British Pound/U.S. DollarFXCM

Description

Daily Elliott Wave Count.

The wired behavior of the pound in the last few days could be explained as a leading diagonal where motive waves 1 and 3 were zigzags and wave 5 as impulse, remember that in leading diagonals this could happen.

After a nice zigzag appears but think more correction is to come due the length in time of this corrective pattern vs the diagonal.
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