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ErwinBeckers
7 Th07 2018 12:50
GBP/USD retrace up to the 50, then down to finish target
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OANDA:GBPUSD
1D
GBP/USD
OANDA
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7 Th07 2018 12:50
Looks like the big 4 is in and we're now building up the 5 down. Expect a small retrace to the 0.5 fib level
Elliott Wave
Fibonacci Retracement
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fakhrinsfm
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8 Th07 2018 02:44
From (2)-(3) it seems that wave 3 isnt the longest of them all?
If you were to reconsider the chart, will u mark the ew differently?
ErwinBeckers
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8 Th07 2018 06:49
@fakhrinsfm
, remember that Elliott wave Theory states that 3 is never the shortest.
It does not need to be the longest
fakhrinsfm
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8 Th07 2018 08:27
@ErwinBeckers
, ok thanks. By the way can i use this marking to guide me on a lower H4 tf?
ErwinBeckers
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8 Th07 2018 09:01
@fakhrinsfm
, yes sure, although in forex I would not go under the H1
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If you were to reconsider the chart, will u mark the ew differently?