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Old 08-04-05, 07:08 AM
idejan's Avatar idejan idejan is offline
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Gbpusd

On the other hand, if 1.728 breaks, then the wave from the begining of the '05 is an Impulsive move down and we are in a wave IV (ABC) of that wave.
The max price that should not be exceedet by wave C of thic IV wave correction is 1.8506
 
my-elliott-wave-charts-gbp01-gif