GBPUSD UPDATE NO.3 07/08/2018 wave 4 retracing wave 3
1. yesterday marked the completion of subwave 5 (and wave 3) . it extended 161.80 from subwave 4. overall measurement puts wave 4 at 50% of the impulsive wave length. this showed that the impulsive move have been completed.
2. I expect that price will do an ABC retracement to wave 4, going upwards. as wave 4 has high probability to retrace 38.2% i have marked the most possible price levels for end of bullish short buy.
3. once this wave 4 is completed, we can sell or sell limit to wave 5 which is the end of the AB=CD leg.
please comment.
thank you.
2. I expect that price will do an ABC retracement to wave 4, going upwards. as wave 4 has high probability to retrace 38.2% i have marked the most possible price levels for end of bullish short buy.
3. once this wave 4 is completed, we can sell or sell limit to wave 5 which is the end of the AB=CD leg.
please comment.
thank you.
