LSE:LLOY   LLOYDS BANKING GROUP PLC ORD 10P
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8
Info only, not advice
Updated chart. Looks like wave 4 was short and early, although wave 3 did go over 1.618
Current trend looks to be XYZ correction.
Watch for start of new impulsive wave structure for validation.

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tdbeva nicoleperkins894
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Im not familiar with this possible impulse wave structure, what will you be looking for to confirm and what targets would this wave have please, your help much appreciaTED
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tdbeva richie165
@richie165, https://forextraininggroup.com/wp-content/uploads/2016/04/a-elliot-fib.png
Take a look at that link. It shows a normal 5 wave impulsive structure up with fib levels for each wave and then the corrective structure. If bullish, this wave structure would happen upwards. It bearish, turn it all on its head and the 5 wave structure moves down with corrections happening upwards.
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@tdbeva, Much appreciated td this will be my homework for tom thanks for taking the time.

Regards
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tdbeva richie165
@richie165, No probs - all learning together!
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