Applying the Elliot wave count with fib retracemet and expansion levels remains a fascinating and mind blowing experience. I just want to share a few ideas on how this works......online real time practicals on charts
GBPUSD Starting from the monthly tf, i see price doing a 3 wave movement ..looking at it with the bare eyes, one could take it to be an ABC corrective, or a 12345 impulse wave movement. Whichever way, the fact remains that on the next lower time frame, we'll be looking to do a break down of the present wave (C or 3) into a 5 impulsive subwave 12345 GBPUSD
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AnneSmith
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wrong count
it' 3 - 4
now we are in 5th
Victorelliot
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@AnneSmith, ok....be it C, 3 or 5.....the common ground is that the next lower time frame should show us the subwaves of any one of the three.... whichever way, we should be seeing a 12345 subwave... that is the next thing to look at...
it' 3 - 4
now we are in 5th