GBPUSD - Big correction on the way before flying !

2019-12-14 00:37:10

GBPUSD - The size of this gap up surprised me to be honnest but the count played out perfectly nonetheless and stopped exactly at the ideal Fib termination levels for a wave 5, the 100% level of 5v1 and 61.8% level of 5v1+3.
We should now see at least a 3 wave correction that should take us down to around blue wave 4.

Depending on how price will behave while going down, we might need to consider this move down as a potential impulse which would take us to new lows, but, it's too early for that just yet.