Elliott waves for Forex correlation analysis

The developing corrective sideways trend is beginning to take on defined boundaries. It is likely that we are dealing with not a flat but a double or triple zigzag. In this case, the price may move within the indicated boundaries for quite some time, periodically tempting impatient traders into ha

During the past trading day, the price predictably started to decline. However, the targets in the area of the local minimum were not reached, and buyers almost immediately returned the pound's value relative to the dollar to the initial point. Currently, the initiative has shifted to the buyers,

The price made an attempt to grow further, but it only managed to barely update the local maximum. Active selling has begun, which could bring the price back to the starting point of this wave's rise. It is still assumed that wave b of a zigzag is forming in this way. The potential for movement is