Price is moving to the upside in corrective way. The wave structures show a possible WXY complex correction and now we are about to finish wave C of higher degree wave Y. If we are correct we should expect price to drop.
Price have made an extended 3rd wave. Now price is pulling back to create wave 4. If we are correct we should expect price to continue dropping.
Currently we are on wave A of higher degree wave 2. For wave A price has unfolded as a leading diagonal motive wave. If we are correct we should expect price to pullback correctively to the upside potentially to the golden zone. When that is done we should expect price to resume bearish move to finish up wave 2.
GBPAUD is currently making wave 2 which is unfolding as a double 3. With this view I am expecting price to continue to the upside to finish wave y of higher degree and hence the second wave. What to do now is wait for a clear impulsive wave to the upside and pullback to the golden zone.
Price is in correction phase. I has already made W and X complex waves, and now is on wave Y. Wave A of Y is already done and now we are on subwave b of Y. A short term bullish move is expected to complete wav B and there after we should expect a down move to finish the whole correction at larger degree.
With this idea wave structures show possible bullish continuation expected after a short term bearish correction.
The structure shows possible end of corrective wave B which is unfolding as an 11 swing sequence. When this is done we should expect a drop impulsively of about 500+pips.
After this marked pullback to the golden zone I expect a drop to that will finish this corrective wave. Ideally I expect a motive wave that will finish the correction on higher degree
The current wave clearly shows we are done with wave 4 and we are continuing with bullish trend. Now we wait for a corrective wave 2 to enter
We are still on corrective wave 4. And the wave structures shows a possible bullish move to be expect which will finish part of corrective wave B of higher degree.
We are still on wave 2 which is unfolding as a complex correction 3-3-3. When this is done we should expect price to drop
We are still on wave C which is extended. Now I am expecting a corrective structure to mark the final 4th wave in this extended wave C. When this is done we should expect continuation to the upside to finish the higher degree correction altogether
We have started the drop and now it is clear we should be expecting a 3rd wave extension. We are almost done with corrective wave 2 and when this is over we should expect bears to take charge and drop price.
We are about to finish corrective wave B then I am expecting impulsive wave to the upside to finish the corrective wave B of higher degree
We are still on wave 2 which is unfolding as a triple 3.When this correction is over we should expect a continuation to the downside
Looks like we are done with correction and now we are about to drop again to finish part of wave d of triangle
We are still on a complex correction structure. Now high probability for the price to continue up to finish part of the correction.
The wave structure shows a possibility of an Elliot Waves running triangle forming. If we are right we should expect price to drop to finish up the wave E. When done we should expect to resume its bullish momentum