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GBPUSD UPDATE NO.3 07/08/2018 wave 4 retracing wave 3

FX:GBPUSD   Libra esterlina/Dólar estadounidense
1. yesterday marked the completion of subwave 5 (and wave 3) . it extended 161.80 from subwave 4. overall measurement puts wave 4 at 50% of the impulsive wave length. this showed that the impulsive move have been completed.

2. I expect that price will do an ABC retracement to wave 4, going upwards. as wave 4 has high probability to retrace 38.2% i have marked the most possible price levels for end of bullish short buy.

3. once this wave 4 is completed, we can sell or sell limit to wave 5 which is the end of the AB=CD leg.

please comment.

thank you.
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