GBP for short term weakness.

28 нояб. 2019 г.

So here I have 2 possible counts for the 4th wave correction as labeled in red, Firstly, my main count is in yellow, showing an WXY structure from 21st October high, followed by a possible triangle which is currently at wave C.
Alternately, look at the wave structure in blue, showing the 5th wave is a truncated 5th, and price is now making a flat correction.
Either way, I'm still looking for more downside before the start of the final fifth wave as seen on the daily chart.