Pound vs. Dollar Elliot Waves Reproduction

Weekly bar on Pound vs. Dollar - spike over 320 pips. It propose high volatility on pair. By Elliot wave method we count five waves up from middle of April. In May starts corrective waves which will lead pair to levels over 1.5020 in next days. Price action @ 2h, 3h and 4h forming now for downside. Parliamentary Elections in UK are indicator for incoming volatility.