Pound - complex sideways correction abc

Trying to decipher this complex sideways correction = " a difficult place to trade "


Wave a = small flat wedge

Wave b = zig - zag correction. The middle wave is also a correction = expanded flat.

Wave c = looks to be setting up for a zig - zag .


The whole completed wave 4 , then completing an expanded flat correction.


If anyone would kindly add their ideas , I would appreciate it... :)

Kommentar:

Traded pound for a quick scalp of 2 x 30 pips 1.2910 - 1.2880 . I believe the wedge has a D wave to here on the hourly. I think one more leg up before the wedge breaks. :)

Kommentar:

Looks like wave 4 termination wasn't too far off in this prediction.....:)