Hello.
GBPUSD Time Wave analysis update.
Although GPBUSD rebounded, it is below the weekly correction trend line of the downtrend.
In GBPUSD, the large pattern is the correction pattern. After the last C wave, we can go down to test the floor again.
The problem is that the weekly upward wave has ended, and it should have risen as the upper period, the monthly correction trend line, was drawn.
As the rising impulse fails
It is moving in a similar direction to the old EURUSD monthly chart.
So far, GBPUSD looks down.
good luck.
GBPUSD Time Wave analysis update.
Although GPBUSD rebounded, it is below the weekly correction trend line of the downtrend.
In GBPUSD, the large pattern is the correction pattern. After the last C wave, we can go down to test the floor again.
The problem is that the weekly upward wave has ended, and it should have risen as the upper period, the monthly correction trend line, was drawn.
As the rising impulse fails
It is moving in a similar direction to the old EURUSD monthly chart.
So far, GBPUSD looks down.
good luck.