EUR/GBP - Bearish Reversal - Wave Patterns
Flash-back:
*Down-trend unfolded with overlaps.
Elliott Wave Analysis
*EUR/GBP labeled in an Intermediate degree (A)(B)(C) (red) sequence.
Patterns:
- Running Flat in Minor B (blue), sub-wave of Intermediate (A) (red)
- Expanding Flat in Intermediate (B) (red)
1 - Expecting a pull-back and then a last drive on the up-side.
2 - According to how the last move unfolds, a Bearish Divergence will be used to trigger the down-trend.
3 Ending Diagonal needed in the last sub-wave of Minor C (blue)
Many pips ahead!
- I called the previous big drop:
*Down-trend unfolded with overlaps.
Elliott Wave Analysis
*EUR/GBP labeled in an Intermediate degree (A)(B)(C) (red) sequence.
Patterns:
- Running Flat in Minor B (blue), sub-wave of Intermediate (A) (red)
- Expanding Flat in Intermediate (B) (red)
1 - Expecting a pull-back and then a last drive on the up-side.
2 - According to how the last move unfolds, a Bearish Divergence will be used to trigger the down-trend.
3 Ending Diagonal needed in the last sub-wave of Minor C (blue)
Many pips ahead!
Note
Labeling Minor C (blue) in an Ending Diagonal.Note
Sell-off coming soon!Note
Ready for the BIG sell-off?Note
One more squeeze and it's out of aces.Note
EURGBP correction over and time to go bearish again.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.