waveslover

🐂WEEKLY FORECAST🧸 FINALLY1.367 BROKEN!! WHAT'S NEXT?

OANDA:GBPUSD   영국 파운드/미국 달러
The price finally has broken 4_3(1.367) which had to be broken in accordance with Elliott wave principle.

On last Thursday, the sign of the explosion was confirmed on H4 chart, which would form 9 waves from there.
Thus, it's very likely that the last Friday's low (1.3669) would be broken next week.

As of now, as long as the Friday's high (1.375) remains unbroken, 1.3669 would be broken strongly.


💡DETAILS ABOUT THE PRICE MOVEMENT ON THE WEEKLY CHART💡

📉When the bearish trend has started
Bullish 9 waves in Weekly has been formed since 24th Feb then bearish trend has started.

My counting has been right since then as below.
🐻The February bottom(1.3778) is W_A,
🐻The March top (1.4005) is W_B,
🐻The March bottom(1.367) is W_1
🐻The April top(1.3918) is W_2
->What's next?
The price would form 12345 from B(1.4005).
Fib 38.2(W6 and W9) awaits around 1.3645, which would be bearish W_3.

If W9 is M3 (3 in monthly chart), M4 would hit from Fib38.2-61.8 or less.
I don't know yet. The chart will tell.

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HAVE A NICE WEEKEND!!

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