Short - GBPUSD - Long term triangle complete...Whats next?
This is open for interpretation but I have my sneaking suspicions that we haven't seen the big drop yet.
I seriously think that if you look back through the many charts available on the pound back when it was at around $4.60 USD for 1 pound you might see that the wave 4 of the supposed 5 wave decline was a triangle and its probably going to spew out a nice long 3rd wave down.
The correction we just experienced looks like a zig zag with a triangle wave B which commonly occurs in wave 2.
I seriously think that if you look back through the many charts available on the pound back when it was at around $4.60 USD for 1 pound you might see that the wave 4 of the supposed 5 wave decline was a triangle and its probably going to spew out a nice long 3rd wave down.
The correction we just experienced looks like a zig zag with a triangle wave B which commonly occurs in wave 2.