Dislikedactually I prey for that retrace because that would be 2 of 5 with the long one to come ,theres no way thats a 4 its going higher from there, looks like an impulse down to me. If it were a 4, which I think broke the rules already going into 1 and would have to be pretty complex correction to grasp for the average, we should see impulse up pa next. god knows how you label the straight drop idea. {image} {image}Ignored
i saw ur chart and i adjusted the counting
and about 4 overlapping with 1 its allowed in Elliott waves if the wave is leading diagonal
so i combined the classic rising wedge pattern which target 1.25 to 1.26 area
and the wave counting its WXY
i believe the real up rally for both EUR and GBP will start on 24th of september
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