EURGBP Daily Chart we can see example of triple three correction. Price made Impulse to down side and after impulse there was side ways movement for long period of time. This triple three consists tree correction patterns. First two are Zig-Zags which are labeled as X and the third one is Flat correction which could be Runing or Expanded and its labeled as W. Price should continue its down trend and break down out of this long period side ways consolidation. RSI almost in overbought conditions another indication of down trend.
Note
Down trend started.
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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.