GBPUSD Elliot wave Monthly chart update , 28.07.20
All the predicted bearish models are invalidated buy the current price move today
To be honest I was so bearish but this is Forex and things does not always go in our way.
So today it proved that we finished wave X and we are in the Y leg of the 4th wave correction in the monthly chart
I am expecting the GBP price gets to 1.39$ finally. this price prediction is based on the **flat correction model**.
This price target is a cluster that is confirmed by fibo and reverse RSI methods
I will publish the bullish models for daily and hourly charts after the current up trend stops
For now do not short or long the market as It is very hard to fit a model to this move. there are couple of models valid now so I can't chose on until this up trend stops
To be honest I was so bearish but this is Forex and things does not always go in our way.
So today it proved that we finished wave X and we are in the Y leg of the 4th wave correction in the monthly chart
I am expecting the GBP price gets to 1.39$ finally. this price prediction is based on the **flat correction model**.
This price target is a cluster that is confirmed by fibo and reverse RSI methods
I will publish the bullish models for daily and hourly charts after the current up trend stops
For now do not short or long the market as It is very hard to fit a model to this move. there are couple of models valid now so I can't chose on until this up trend stops
