Hello everyone,
GBP has not shown reversal confirmation per the rule I posted two days ago. Without confirmation, this pair could continue going higher.
In the meantime, I identify three possible locations (time wise) for long term top (LTD 15).
1. LTD 15 could be due at ITD 11. If this is the case, then long term top should be due around May 27.
2. LTD 15 could be due at ITD 1. In this case, ITD 11 inverts and long term top should be due around June 11.
3. LTD 15 could be due at ITD 2. If this is the case, long term top should be due around June 22.
There is also another possibility that MTD 12 inverts, and LTD 15 is due at MTD 2, but I consider this one unlikely for now.
