dojitrader
Short

Almost an Ending Diagonal or Wolfe Wave or 3 Drive 2 fer ???

FX:EURGBP   Euro Fx/British Pound
127 2 5
Either, Or, it seems that none will be particularly "classic"
or completely valid, BUT, depending on how this develops - Close Enough ???
Bottom line - looking to sell the top trend line and then buy the bottom.
Seems the only setup that's the least bit valid is the 3 Drive.
But, DanV just may have the best analysis on this trade:
EURGBP - Low Could Be In for Bullish Cycle To Develop- Updated

His Ending Diagonal hits a little higher in the .7550 area ~~~
a little higher than the 3 Drive. The clue should be how this last leg
down unfolds with the best being an obvious 3 ways to the bottom
maybe even a = c.
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