GBPUSD Elliott Wave - Short soon

2020-03-08 14:01:45

My previous idea was that we were possibly completing higher degree wave B or 2. While the reversal call was accurate so far, my primary count has now changed.

I still think we are completing a higher degree wave B or 2. I just think we have one more move down before we complete it.

Idea is that we are in an ABC flat for a wave B (higher degree). Once this final leg of the flat completes, I will look for bearish divergence on Stoch RSI, and OS on both H1 and D1.

My elliott wave target for this minor wave C is between 1.31142 and 1.31236.

Let's see!