GBP/USD: wave analysis (Mar. 17)
Roman Petuchov for FX BAZOOKA
Weekly. Cable is growing in a final bullish impulse [c] of B. It is the last wave of the B range.
Daily. Wave (III) of [c] has been built. Market started to form a corrective wave (IV).
H4. The first zigzag - beginning of the (IV) correction - is being built now. In the near term we'll see growth in a small corrective wave b. Afterwards the market will reverse to the downside and decline in a С wave.