Hi friends, good day
Pounds = US dollars
The market price starts at $1.03534 which is an impulse pattern completing the fifth wave and it is interesting to note that the third wave has only extended 123.6% of the first wave and it is possible that the fifth wave will extend, or equal to be the third wave (the second possibility).
The fifth wave will finally move up to the price of $1.28058 and then a correction pattern will be formed in the degree of a bigger wave and it can be any correction structure, sharp or zigzag (first possibility).
Good luck! I hope you have had a good week.
Pounds = US dollars
The market price starts at $1.03534 which is an impulse pattern completing the fifth wave and it is interesting to note that the third wave has only extended 123.6% of the first wave and it is possible that the fifth wave will extend, or equal to be the third wave (the second possibility).
The fifth wave will finally move up to the price of $1.28058 and then a correction pattern will be formed in the degree of a bigger wave and it can be any correction structure, sharp or zigzag (first possibility).
Good luck! I hope you have had a good week.
