On the longer-term degree, price is nearing the end of Wave B before the large wave C higher takes over.
In the short-term the wave D leg looks for a final move up to complete, as long as the 111.80-112 level holds amongst this Theresa May nonsense. A break and we're looking at wave E already in progress as last leg of the triangle. An important day or two ahead at inflection points.
In the short-term the wave D leg looks for a final move up to complete, as long as the 111.80-112 level holds amongst this Theresa May nonsense. A break and we're looking at wave E already in progress as last leg of the triangle. An important day or two ahead at inflection points.
Note
Adjustment required in the iv count...overall picture remains, though the wave ii low is required to hold to have the additional leg higher to complete wave D of B, otherwise already in wave E of B.
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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.