EUR/GBP - Bearish Reversal - Wave Patterns
Flash-back:
Down-trend unfolded with overlaps.
Elliott Wave Analysis
EUR/GBP labeled in an Intermediate degree (A)(B)(C) (red) sequence.
Patterns:
- Running Flat in Minor B (blue), sub-wave of Intermediate (A) (red)
- Expanding Flat in Intermediate (B) (red)
1 - Expecting a pull-back and then a last drive on the up-side.
2 - According to how the last move unfolds, a Bearish Divergence will be used to trigger the down-trend.
3 Ending Diagonal needed in the last sub-wave of Minor C (blue)
Many pips ahead!
- I called the previous big drop:
Down-trend unfolded with overlaps.
Elliott Wave Analysis
EUR/GBP labeled in an Intermediate degree (A)(B)(C) (red) sequence.
Patterns:
- Running Flat in Minor B (blue), sub-wave of Intermediate (A) (red)
- Expanding Flat in Intermediate (B) (red)
1 - Expecting a pull-back and then a last drive on the up-side.
2 - According to how the last move unfolds, a Bearish Divergence will be used to trigger the down-trend.
3 Ending Diagonal needed in the last sub-wave of Minor C (blue)
Many pips ahead!
Comment:
Labeling Minor C (blue) in an Ending Diagonal.
Comment:
Sell-off coming soon!
Comment:
Ready for the BIG sell-off?
Comment:
One more squeeze and it's out of aces.
Comment:
EURGBP correction over and time to go bearish again.
