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We have seen a new high here, but have that changed my count?
No I still is looking for wave E of the triangle to take over soon for a decline towards at least 1.5854. We should expect to see strong resistance near 1.6405 protect the upside for a break below 1.6257 confirming, that wave D is over and wave E is developing.
Only a break above the top of wave B at 1.6747 will invalidate the above Count and indicate, that the huge B-wave triangle already has finished and wave C towards 1.9339 is developing.
Hello EWS,
ReplyDeleteHope you are enjoying your weekend,so after this E wave is finished then we expect a thrust of this triangle and GBP goes all the way to 1.93?So in other words the best investment is to buy the pound from the dips?
Thanks in advance,.
Panos