ELLIOT WAVES
For GBPJPY In the Grand Major TimeFrame we seem to be in its final wave up which is Wave 5.
Within this Wave 5 we seem to be in its Minor Wave 3. I anticipate this Wave up to be filled with volatility and momentum. Now narrowing down smaller within that Minor Wave 3 we seem to be in its Sub Minor Wave 2 which seems to be unfolding as a ZigZag structure with its Leg C being a 5 Wave diagonal. We are currently in the midst of completing this 5 Wave diagonal before we start the rally up for :-
Sub Minor Wave 3 within Minor Wave 3 within Major Wave 5
For GBPJPY In the Grand Major TimeFrame we seem to be in its final wave up which is Wave 5.
Within this Wave 5 we seem to be in its Minor Wave 3. I anticipate this Wave up to be filled with volatility and momentum. Now narrowing down smaller within that Minor Wave 3 we seem to be in its Sub Minor Wave 2 which seems to be unfolding as a ZigZag structure with its Leg C being a 5 Wave diagonal. We are currently in the midst of completing this 5 Wave diagonal before we start the rally up for :-
Sub Minor Wave 3 within Minor Wave 3 within Major Wave 5