CABLE (GBPUSD): WAVE (C) in play - daily chart
I think that we are in a corrective ABC structure inside a wave (C) in the daily chart.
According with this count we may are inside a bigger wave 4 before another big dip for the wave 5, or the previous impulsive movement may already be over also.
So if this count is correct we may have 3 different potential targets for the completition of this (C):
1) 1.374xx in case of a regular flat 3-3-5 ABC
2) 1.43 in case of an expanded flat 3-3-5 ABC
3) 1.518xx in case of a running flat 3-3-5 ABC (that's the mostly rare case of this type of corrections, so this target will be difficult to reach i think, but not impossibile)
Lets see what will happens!
According with this count we may are inside a bigger wave 4 before another big dip for the wave 5, or the previous impulsive movement may already be over also.
So if this count is correct we may have 3 different potential targets for the completition of this (C):
1) 1.374xx in case of a regular flat 3-3-5 ABC
2) 1.43 in case of an expanded flat 3-3-5 ABC
3) 1.518xx in case of a running flat 3-3-5 ABC (that's the mostly rare case of this type of corrections, so this target will be difficult to reach i think, but not impossibile)
Lets see what will happens!
Note
tp1 almost reached: Note
This might be a valid inner count: Note
TP1 kissed! Note
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.