FX.co ★ Wave Wisdom: Mastering the Art of Wave Marking in Forex!

When it comes to GBP/USD, it seemed logical to reconsider the possibility of a pair decline in wave (B), then we could expect the fifth in (a) in (B), but as there is no update of the minimum of the current first wave in (C) yet, I think there is a chance that the correction is actually in wave (2) in (C), and if the minimum cannot be updated, then I expect further growth in the third wave in (1) in (3) in (C). If the pair continues to decline and manages to update the minimum but does not update the minimum of the first wave in (C), I will assume wave (c) in (2) in (C), and most likely a wedge is needed in the last wave (c) in (2) in (C), otherwise we will get an update of the minimum in the first in (C) and I will still have to switch to the option of a correction in wave (B) of a higher wave level.