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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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.