GBPUSD (Supply and Demand, Elliot Wave)

Elliot Wave:
We can see that we nearly completed Wave 5. Therefore I expect one last push to the upside. Then we finished Wave 5. But we also could be still in Wave 3. That is why I marked 2 options on the charts. There is no wrong. We just need to watch the market and see what it gives us. I always say -> watch price Action. It is so important to see if the Analysis is valid or not.

Supply and Demand:
To identify in which wave we are we need to watch price action. How the price reacts to the Supply and Demand Levels.

2 Options:
1) The first would be a push to the Supply Zone and Retest and afterwards a drop.
2) The second would be a push through the Supply Zone. Then Retest the Demand and further push to the Upside.

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