Elliott Wave Forex

elliottwaveforex.com Waves and Fractals

GBPUSD 1st February, 2012

by Nady Laymoud · February 1st, 2012 · GBPUSD 5 Day Analysis · No Comments

So far it has been a tough week, we have been tracing the end of wave (c) green which has been quite illusive to say the least.

With today`s invalidation point being hit, a modification to the subdivisions within wave (c) green was in order.

Today we have two counts, one expects a small correction towards the downside before continuing to move towards the upside. The second count expects the end of wave (c) green and the start of a downtrend move.

At the end of the analysis we will discuss briefly the alternative weekly analysis.


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