Introducing:EUR/GBP Elliott Wave Count

On Monthly chart we can see that the price is near to finish the wave 4 of the whole decline. Please notice that a break above 0.8645 will invalidate the count

On Weekly chart  wave 4 shows some kind of weakness as the Triple Zig-Zag makes final vertical leg to the upside as a wave 5.

Daily chart seems to be confirming all the assumptions as the wave 5 has ended with Ending Diagonal Triangle:

H4 chart provides the details about the count. Please notice that this structure might not be finished and the latest wave up could be only wave A of a final structure. Nevertheless, we can look for another clue to the Non-Linear Regression Modeal – the downward slope shows the direction

About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

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