Friday, August 28, 2009

GBPUSD case study

This is a very interesting wave structure and I came up with the following count. I can see an ending diagonal forming and wave 2 of the diagonal has a b wave that is an expanding triangle. Wave 2 cannot be a triangle by itself, but there could be a triangle in form of wave b in an abc correction of wave 2.
I will follow this count to see where it goes because I have never seen any wave structure like this, however it doesn't seem to be impossible. For now it is an alternate count and interesting study case for ellioticians.

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