GBPUSD WAVE ANALYSIS
Observation:
Let me try to keep it simple.
. 1st we see five move down from top, means still 5 wave down is required for ABC correction as per Elliot wave.
. However the wave down I see is 3 wave, this means may be we are at 1st wave of an ending diagonal(3-3-3-3-3).
Additional Confirmation: I noticed some liquidity sweep before making huge wave down and thus predicted the coming move may also be down.(Smart Money Concept)
Observation:
Let me try to keep it simple.
. 1st we see five move down from top, means still 5 wave down is required for ABC correction as per Elliot wave.
. However the wave down I see is 3 wave, this means may be we are at 1st wave of an ending diagonal(3-3-3-3-3).
Additional Confirmation: I noticed some liquidity sweep before making huge wave down and thus predicted the coming move may also be down.(Smart Money Concept)