scenario One: pound is in wave 4 which looks like a Regular Flat
- A corrective 3-wave move labelled as ABC
- Subdivision of waves A and B is in 3 waves
- Subdivision of wave C is in 5(3-3-3-3-3) waves ending diagonal
Fibonacci Ratio Relationship:
-Wave C = 123.6% of wave AB and < 168.1% of wave AB
Divergence
-Wave C have momentum divergence
stop and recount
price overlaps wave 1 (wave 4 scenario is invalid)
Wave C=>168.1% of wave AB (ABC scenario is invalid)
Note: I'll try to publish today another two scenarios both also favour short
- A corrective 3-wave move labelled as ABC
- Subdivision of waves A and B is in 3 waves
- Subdivision of wave C is in 5(3-3-3-3-3) waves ending diagonal
Fibonacci Ratio Relationship:
-Wave C = 123.6% of wave AB and < 168.1% of wave AB
Divergence
-Wave C have momentum divergence
stop and recount
price overlaps wave 1 (wave 4 scenario is invalid)
Wave C=>168.1% of wave AB (ABC scenario is invalid)
Note: I'll try to publish today another two scenarios both also favour short
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.
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.