GBPUSD Has Begun Minuette Wave 5
The wave count above is hardly orthodox. In fact, I've broken at least two different Elliott rules (wave 4 enters the price range of wave 1, and the expanding diagonal doesn't fully expand). I am, however, extremely confident based on the price action that the pattern matches what would be a textbook impulse.
Why am I confident of this while breaking two rules? I guess it is intuition I developed after thousands of hours of placing numbers and letters on a chart. If you have a better wave count that doesn't break the rules, please do share it with me.
We should now see another impulse up before the next decline.
Why am I confident of this while breaking two rules? I guess it is intuition I developed after thousands of hours of placing numbers and letters on a chart. If you have a better wave count that doesn't break the rules, please do share it with me.
We should now see another impulse up before the next decline.
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