Applying the Elliot wave count with fib retracemet and expansion levels remains a fascinating and mind blowing experience.
I just want to share a few ideas on how this works......online real time practicals on charts
GBPUSD
Starting from the monthly tf, i see price doing a 3 wave movement ..looking at it with the bare eyes, one could take it to be an ABC corrective, or a 12345 impulse wave movement. Whichever way, the fact remains that on the next lower time frame, we'll be looking to do a break down of the present wave (C or 3) into a 5 impulsive subwave 12345
GBPUSD
I just want to share a few ideas on how this works......online real time practicals on charts
GBPUSD
Starting from the monthly tf, i see price doing a 3 wave movement ..looking at it with the bare eyes, one could take it to be an ABC corrective, or a 12345 impulse wave movement. Whichever way, the fact remains that on the next lower time frame, we'll be looking to do a break down of the present wave (C or 3) into a 5 impulsive subwave 12345
GBPUSD