pound levels .. still in consolidation mode.

14 oct. 2016

Here are the levels currently

lower highs, higher lows and uncertainty leads to be forming a consolidation pattern before the next move.. its running out of room quickly

The drop earlier this weekly tagged the monthly s4/weekly s1 exactly
Currently price action cant seem to get over the monthly s3 for longer then a day

My concern with this level is the retracement and the highest point in the range is known as "deadcat bounce" or the .764 of the fib


There are no coincidences in markets

14 oct. 2016

Note

as expected, testing the trendline now

14 oct. 2016

Note

update

14 oct. 2016

Note

riding the trendline up after testing the bottom level