Hello traders this is my analysis about gbpusd w1 as you see we are waiting for a downtrend as wave 5 and then a wave b ( with 0.5 fibo retrace from wave a probably ) and the a downtrend with 5 waves as wave c .This analysis has made by Harmonic Elliot method .
There is a wave b from 3 that I noticed that with ( b ! ) sign , and there is a major rule in Harmonic Elliot that says wave 4 can't come above wave b from 3 , but there are some Exception like here , as you see wave 4 candle's bodies didn't close above wave 3 just their shadows came above wave 3 so I can considered it still as wave b from 3 .Targets for ending the waves have been calculated by Harmonic Elliot principles like clusters and some using of ichimoku and Price action . I will upload this analysis in daily time too
There is a wave b from 3 that I noticed that with ( b ! ) sign , and there is a major rule in Harmonic Elliot that says wave 4 can't come above wave b from 3 , but there are some Exception like here , as you see wave 4 candle's bodies didn't close above wave 3 just their shadows came above wave 3 so I can considered it still as wave b from 3 .Targets for ending the waves have been calculated by Harmonic Elliot principles like clusters and some using of ichimoku and Price action . I will upload this analysis in daily time too
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Great , I love my analysis
