This is just to refine my GBP/USD long term chart from today.
Basically the move from 2013 low is not impulsive, aka should end in 3 waves. The 1st wave (W) is in 3 waves, the 2nd wave (Y) could well be A-B-C-D-E, where C = A. The big question is if E will be equal to A and C as well (by 1.744) or wave (Y) will be equal to wave (W) and we reverse by 1.7299.
Btw. red C would be equal to red A by 1.7324 (red horizontal line).
Basically the move from 2013 low is not impulsive, aka should end in 3 waves. The 1st wave (W) is in 3 waves, the 2nd wave (Y) could well be A-B-C-D-E, where C = A. The big question is if E will be equal to A and C as well (by 1.744) or wave (Y) will be equal to wave (W) and we reverse by 1.7299.
Btw. red C would be equal to red A by 1.7324 (red horizontal line).
