Start with 1000$. Increase by 3% every day. After one year 2 213 314$
-
GBPUSD: Is the Impulsive Rally A 5th Wave?
The impulsive structure seen on the British Pound suggests further upside as part of minor wave 1. With the corrective ‘three’ fully completed on a false break below minor A low, this projection assumes that the upside is a 2-degree impulse. It is consisting of 5-wave structures of the minuette and minute degree and has a target the 100% Fibonacci extension near 1.3193. Should the current correction towards 1.30 prove to be a test, we could see minor wave 1 as a reversal to the upside. The end of the minor degree impulse could end beyond 1.3515 as part of the intermediate wave (5). In case the current upside ... (full story)