GBP/USD: Elliott waves (June 2)
By Roman Petuchov
Weekly. The pair continues building the plane wave B. At present, GBP/USD is forming the final part of it – the wave [c].
Chart. Weekly GBP/USD
Daily. Layout of the wave [c] is shown at the picture. Now the pair’s forming correction (IV) of [c].
Chart. Daily GBP/USD
H4. The fourth wave is a Double Zigzag. Waves W and Y are simple Zigzags. We are seeing the construction of correction [B] of Y. In the near future we can expect growth of pair as part of the pulse (C) of [B] of Y.
Chart. H4 GBP/USD