As ever with Elliott wave there are alternative counts to this one that could show that my wave 3 is in fact a wave 5, but I believe this count is the more likely one as I am still pessimistic regarding the Pound and think it has lower to go yet. Of course, even if the Euro bounces where I think it might, this could be just the start of the 4th wave correction rather than the end but I still think it will recover some of it's decline in the coming days.
Commentaire:
ummmm.....interesting.
Commentaire:
Currently bouncing along the 38.2 Fib retracement of the uptrend from July 2015.
Commentaire:
Looking for some upside to around 87, perhaps even 88 level.