GBP/USD: Elliott waves (Apr. 14)
By Roman Petuchov
Weekly. The pair keeps forming the ascending impulse [c], which is part of the wave plane B.
Chart. Weekly GBP/USD
Daily. We are seeing the construction of the correctional wave (IV), which will continue this week.
Chart. Daily GBP/USD
H4. Wave (IV) is taking the form of a Double Zigzag. The pair has began construction of the second Zigzag y of (IV). The pair is expected to decline.
Chart. H4 GBP/USD