Hello traders , GBPUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In the count we did, the main waves 1, 2 and 3 are over, and as we said in the previous analysis, if the warning zone is broken, we are still inside wave 4.
The warning range was broken downwards and confirmed that it was wave 4.
The 4-wave structure became unexpected and very complex.
We are now inside the z wave and this wave is formed in a zigzag pattern.
From this zigzag the waves a and b are over and now we are inside the wave c.
We think that wave c is in its 5 microwave and this wave will continue up to Fibo 0.78.
We will be looking for signs of buying in the Fibo range of 0.618.
If the Fibo range of 0.78 is broken down, the countdown scenario will also change.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
In the count we did, the main waves 1, 2 and 3 are over, and as we said in the previous analysis, if the warning zone is broken, we are still inside wave 4.
The warning range was broken downwards and confirmed that it was wave 4.
The 4-wave structure became unexpected and very complex.
We are now inside the z wave and this wave is formed in a zigzag pattern.
From this zigzag the waves a and b are over and now we are inside the wave c.
We think that wave c is in its 5 microwave and this wave will continue up to Fibo 0.78.
We will be looking for signs of buying in the Fibo range of 0.618.
If the Fibo range of 0.78 is broken down, the countdown scenario will also change.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️