Still Correcting !!!!!!

Wow! This correction is taking forever. Even though it did what I said it would do in my last post, I believe the GBP will make one more push long above 1.5814 before resuming the short. I have slightly modified the labeling from my last post. I believe the final component of the correction is an ending diagonal now. The push long should stop just short of the trend line and then resume the short. A break of 1.5626 to the short side before making the above new high would negate the current labeling. Either way the trend should move further short below 1.5533 eventually.