Wave (2) turned out to be longer. It seems like there’s an upward impulse, which is supposed to be wave ((c)) of Y. As shown on the 30m chart below, the market is likely going to break the high of wave iii during the fifth wave unfolding.
The market is still unfolding wave (2), possibly in the form of a double zigzag. As shown on the 30m chart below, there’s a possible extension in wave (iii). In this case, we’re likely going to have the rest of wave v of (iii) in the short term.
GBPUSD – Fourth wave might be in place – October 5th, 2021 Read More »
Wave (2) turned out to be longer. It seems like there’s an upward impulse, which is supposed to be wave ((c)) of Y. As shown on the 30m chart below, the market is likely going to break the high of wave iii during the fifth wave unfolding.
The market is still unfolding wave (2), possibly in the form of a double zigzag. As shown on the 30m chart below, there’s a possible extension in wave (iii). In this case, we’re likely going to have the rest of wave v of (iii) in the short term.
GBPUSD – Fourth wave might be in place – October 4th, 2021 Read More »
