IS BEARISH CORRECTION ON GBP/USD GONNA FORM A HARMONIC PATTERN?
Updated
STERLING MAKE A MASSIVE MOVEMENT LAST FRIDAY
Not just on GBP/USD, all GBP is going stronger that maybe not many people can expect it (except who used an Elliott Wave Count). The movement is really crazy and it's flying right to the 200 EMA's. Some people knew that 200 EMA's has a function like a dynamic Fibonacci as it be a support resistance levels too.
I ASSUME that GBP/USD will make a huge corrective movements and forming a bullish harmonic pattern in Week III and IV OCT 2019.
Not just on GBP/USD, all GBP is going stronger that maybe not many people can expect it (except who used an Elliott Wave Count). The movement is really crazy and it's flying right to the 200 EMA's. Some people knew that 200 EMA's has a function like a dynamic Fibonacci as it be a support resistance levels too.
I ASSUME that GBP/USD will make a huge corrective movements and forming a bullish harmonic pattern in Week III and IV OCT 2019.
Order cancelled
THE RALLY WAS PUSHED by Monthly support, no surprises that it still jump higher.I will update based on Monthly outlook and then move to the Intraday chart
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.