EURGBP (Daily). Downtrend continuation.

FX:EURGBP   Euro / British Pound
441 6 5
EURGBP             (Daily)

Within 31/7/13 Channel
Symmetrical Triangle (abcde) break_out.
Elliot Wave 5 due completion potential.
2/3 rds retracement of 2007 rally.

RSI Negative Divergence. Geometric             brake_out.

Correction: ( Wave 3 misplaced, at b. abcde thereafter )
Hi river 54 wave 4 is wrong why wave b at triangle is under prices wave 3
+1 Reply
rv manijeh.kazemi.33
yes. i corrected it, with a comment. sorry :)
+1 Reply
Bottleneck ahead, unless it break down hard
rv jangseohee
triangle potential target.
rv jangseohee
thanks for the chart.
No mention, just sharing what i see, perhaps i am death wrong :-)
The best is you can find convergence in monthly and daily
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