GU Median Line and Reaction Line Bounce!
The pound has made a nice bounce off both the upward purple median line and a nice peak to low reaction line. It is now in a triangular holding pattern within a nice triangular ledge. May bounce around within the green triangle before breaking down.
Note: If it Zooms and breaks the high & closes above the upper Purple dotted median line convincingly, bearish sentiment has reversed and will either consolidate along the purple ML or continue to the upper dotted purple parallel.
Sincerely,
TIK
Note: If it Zooms and breaks the high & closes above the upper Purple dotted median line convincingly, bearish sentiment has reversed and will either consolidate along the purple ML or continue to the upper dotted purple parallel.
Sincerely,
TIK
