GBP/USD - Look for wave c lower to 1.5798 to end the major B-wave Triangle.

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GBP/USD:

 

In the bigger Picture I'm still looking for wave E to finish.

 

I'm currently looking for the final decline in wave c to end wave E of the major B-wave triangle, that have been Building since August 2009.

 

Looking at wave c we are currently in wave iii lower towards at least 1.6161 and more likely lower towards 1.5966. After a small wave iv correction I will be looking for the final decline lower towards 1.5798 and maybe even lower towards 1.5571 from where we should see a new powerful rally taking out important resistance at 1.6747 confirming a continuation higher towards 1.9119.