Andre_Cardoso

(4h) Approaching a "Wave" - Forecasting eventual Shark @ ext.

Short
FX_IDC:GBPCHF   Livre sterling / Franc suisse
GBPCHF

With a "BC" wave closing below the 38% after kissing the 50's, we can expect a strong bearish "CD wave".
My first "landing platform" at next fib retracement level, the 50% retracement (blue fib), confluence zone between 127% first wave (AB) extension (or external extension), and 161% second wave (BC) extension (or alternate extension) - This forges a Cluster Zone.
The Bullish Shark @ 224% pattern extension is also a reference, (check the Shark Special Guide link below) and below it, the AB=CD pattern very close to the 618 retracement, 161% wave (A) extension, and 261% extended Shark point D - next cluster (let's call it one extended one).

Note this is the top of daily chart structure...




Safe Trades;


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.