GBPUSD Elliott Channels for Top of a Wave 5
Wave 2 Retrace between 38.20% and 50.00% of Wave 1.
Wave 3 is 161.8% of wave 1.
Wave 4 Retrace between 50-62% of Wave 3.
Expect Wave 5 to end on one of the two upper channel lines.
Wave 3 is 161.8% of wave 1.
Wave 4 Retrace between 50-62% of Wave 3.
Expect Wave 5 to end on one of the two upper channel lines.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.