GBP/USD retrace up to the 50, then down to finish target שורט

GBP/USDOANDA

תיאור

⋅ 7 יולי 2018 12:50

Looks like the big 4 is in and we're now building up the 5 down. Expect a small retrace to the 0.5 fib level

תגובות

fakhrinsfm

⋅ 8 יולי 2018 02:44

From (2)-(3) it seems that wave 3 isnt the longest of them all?

If you were to reconsider the chart, will u mark the ew differently?

ErwinBeckers

⋅ 8 יולי 2018 06:49

@fakhrinsfm, remember that Elliott wave Theory states that 3 is never the shortest.
It does not need to be the longest

fakhrinsfm

⋅ 8 יולי 2018 08:27

@ErwinBeckers, ok thanks. By the way can i use this marking to guide me on a lower H4 tf?

ErwinBeckers

⋅ 8 יולי 2018 09:01

@fakhrinsfm, yes sure, although in forex I would not go under the H1