Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism.
GBPUSD in daily timeframe , According to Chart , the 3 main waves have completed and are currently in a range that is almost unknown.
It is not possible to say for sure whether wave 4 is over or not, because we considered wave 4 to be zigzagging, with wave c being much shorter in wave a both in terms of price and time, and this has led us to This pattern is not sure.
For this reason, the current failure of the upward pink channel ceiling will be a confirmation for us of the formation of the main wave 5, otherwise the correction of wave 4 will continue.
The target we are considering for Wave 5 will be the Fibo target 0.50, which we think will be a reliable target.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
GBPUSD in daily timeframe , According to Chart , the 3 main waves have completed and are currently in a range that is almost unknown.
It is not possible to say for sure whether wave 4 is over or not, because we considered wave 4 to be zigzagging, with wave c being much shorter in wave a both in terms of price and time, and this has led us to This pattern is not sure.
For this reason, the current failure of the upward pink channel ceiling will be a confirmation for us of the formation of the main wave 5, otherwise the correction of wave 4 will continue.
The target we are considering for Wave 5 will be the Fibo target 0.50, which we think will be a reliable target.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️