Analyse GBPUSD: Onde de Elliott en Impulsion, Forte Tendance en Vue.

GBPUSD Elliott Wave Analysis for Trading Lounge

The GBP/USD day chart analysis focuses on the Elliott Wave framework to assess market trends and movements. The current analysis indicates a strong impulsive trend with significant market momentum, categorized as Navy Blue Wave 3 within Gray Wave 3. This suggests a powerful trend continuation with the direction of the next higher degree remaining within Navy Blue Wave 3.

The ongoing impulsive movement of Navy Blue Wave 3 signifies a market phase where corrective actions have been completed, leading to a sustained trend direction. The wave cancel invalid level is set at 1.26113, indicating a critical threshold for the current wave analysis. Any price movement below this level could potentially signal a significant change in market dynamics.

GBPUSD Elliott Wave Analysis on the 4 Hour Chart

The 4-hour chart analysis of the GBP/USD pair examines a counter-trend movement marked as corrective within the Elliott Wave structure. The current wave under review is Orange Wave 2 positioned within Navy Blue Wave 3, indicating a corrective phase within the larger third wave sequence.

Anticipated next steps include the completion of Orange Wave 2, leading to Orange Wave 3, which is expected to be an impulsive wave signifying a potential resumption of the main trend direction. The completion of Orange Wave 1 at 1.29503 sets the stage for the ongoing corrective phase of Orange Wave 2, with a wave cancel invalid level at 1.26113.

In conclusion, the GBP/USD Elliott Wave analysis on both the day and 4-hour charts showcases different aspects of the market movement, highlighting impulsive and corrective phases within the overall trend structure. Understanding these wave patterns can provide valuable insights for traders and investors looking to navigate the dynamic nature of the financial markets.

Source : www.fxstreet.com