#GBPUSD 🇬🇧🇺🇸
Normally, a Wave 2 correction often extends to the Fib 61.8% level.
But sometimes, it ends earlier than expected.
👉 On chart, for he 2nd wave in blue, while there’s still a chance the correction isn’t finished, the price action shows that price may already starts of the next move upward.
⚠️ However, if price touches the invalidation level, we could see a deeper pullback toward 1.3315 before the trend resumes.
This is why trading Elliott Wave is about being prepared and managing risk correctly. ✅
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