British Pound Bearish Phase Review

With my last posting I did not go back far enough, but once I did a big triangle started to make a better fit. It’s always about finding a better fitting wave pattern with my wave counts, as it makes no sense to replace any wave count that is as crappy as the last one. Anybody can come up with a wave count, but maintaining that wave count is the big task. So far the GBP is still on a bearish decline which should take it to new record lows.

Any new record low, even by the slimmest of margins will help to confirm that this wave count is valid. Of course it could be very choppy on the way down, but we should get 5 waves in Minute degree which should finish this Cycle degree GBP bear market.

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