Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism.
GBPUSD in daily timeframe , In this analysis, we examined wave 1 at higher timeframes.
In wave 1, waves 1, 2 and 3 are complete and now we are inside wave 4.
Wave a is formed as 5 waves and now wave b is forming.
We think that wave b will be formed as a flat.
If the price rises from this point, after breaking the pink channel, it will move to Fibo 0.618 and then the downtrend will start.
If the price falls from this point to the previous floor and then starts the upward trend, from the breaking of the pink channel, the price moves to Fibonacci 0.618 to form wave b.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
GBPUSD in daily timeframe , In this analysis, we examined wave 1 at higher timeframes.
In wave 1, waves 1, 2 and 3 are complete and now we are inside wave 4.
Wave a is formed as 5 waves and now wave b is forming.
We think that wave b will be formed as a flat.
If the price rises from this point, after breaking the pink channel, it will move to Fibo 0.618 and then the downtrend will start.
If the price falls from this point to the previous floor and then starts the upward trend, from the breaking of the pink channel, the price moves to Fibonacci 0.618 to form wave b.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️