Hello Traders,
EURGBP has created points 1-2-3-4 and is now looking to complete point 5 and 5'. Point 5 will also be a completed cycle of an ab=cd pattern at point 0.75960.
When this pair arrives at its first destination, I will look at Geo's Off-Set Rule at 0.79470 as the next probable target.
Best,
Chartistry
EURGBP has created points 1-2-3-4 and is now looking to complete point 5 and 5'. Point 5 will also be a completed cycle of an ab=cd pattern at point 0.75960.
When this pair arrives at its first destination, I will look at Geo's Off-Set Rule at 0.79470 as the next probable target.
Best,
Chartistry
Note
Hey Folks,Pay attention to the Invalidation Line highlighted in orange. If this pair surpasses this line then the Geometry will be invalidated.
Best,
Chartistry
Note
New point 4 defined. The target of 0.75960 is showing confluence with the 1.618 fib extension of the bc move in the abcd pattern. Still eyeing bearish target.
Note
Price broke across and closed across the 0.386 Fib mark. Bears in control.Note
Visit tradingview.com/u/4xForecaster/ for more on Geo's Off-Set rule and market geometries.Note
Pay attention to alternate Geo'
Note
0.75960 target hit, abcd pattern complete, bullish Wolfe Wave complete at point 5, and 1.618 extension hit.
Looking at 1-4 as a target.
Note
All targets hit.Note
Look for AB=CD pattern completion at a previous structural level.
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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.