GBPUSD - Elliot Wave analysis - Full + Prediction
GBPUSD in a correction mode from 2007 onwards.
((0)) = 2.11919 starts the correction of GBPUSD from 2007.
((II)) is a symmetrical triangle. This triangle makes a false breakdown.
(C) is making the false breakdown to a correction.
Here why (II) became a triangle ? Ans : We understand that the sudden/deep/sharp (I) correction generally brings a ripple of triangle shape.
Here (II) is bringing sense that, a big short is on the way. But it is a false one and makes (C).
Then the down confirmation continues after (C) is complete.
Then A zigzag correction started which is bigger correction down. A possible range for T1/T2 to 1.00514.
((0)) = 2.11919 starts the correction of GBPUSD from 2007.
((II)) is a symmetrical triangle. This triangle makes a false breakdown.
(C) is making the false breakdown to a correction.
Here why (II) became a triangle ? Ans : We understand that the sudden/deep/sharp (I) correction generally brings a ripple of triangle shape.
Here (II) is bringing sense that, a big short is on the way. But it is a false one and makes (C).
Then the down confirmation continues after (C) is complete.
Then A zigzag correction started which is bigger correction down. A possible range for T1/T2 to 1.00514.
Nota
Following the trend
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.