Hello Traders,
EURGBP has created points 1-2-3-4 and is now looking to complete point 5 and 5'. Point 5 will also be a completed cycle of an ab=cd pattern at point 0.75960.
When this pair arrives at its first destination, I will look at Geo's Off-Set Rule at 0.79470 as the next probable target.
Best,
Chartistry
EURGBP has created points 1-2-3-4 and is now looking to complete point 5 and 5'. Point 5 will also be a completed cycle of an ab=cd pattern at point 0.75960.
When this pair arrives at its first destination, I will look at Geo's Off-Set Rule at 0.79470 as the next probable target.
Best,
Chartistry
Comment:
New point 4 defined. The target of 0.75960 is showing confluence with the 1.618 fib extension of the bc move in the abcd pattern. Still eyeing bearish target.
New point 4 defined. The target of 0.75960 is showing confluence with the 1.618 fib extension of the bc move in the abcd pattern. Still eyeing bearish target.
Comment:
Price broke across and closed across the 0.386 Fib mark. Bears in control.
Comment:
Visit www.tradingview.com/u/4xForecaster/ for more on Geo's Off-Set rule and market geometries.
Comment:
Pay attention to alternate Geo'
Pay attention to alternate Geo'
Comment:
0.75960 target hit, abcd pattern complete, bullish Wolfe Wave complete at point 5, and 1.618 extension hit.
Looking at 1-4 as a target.
0.75960 target hit, abcd pattern complete, bullish Wolfe Wave complete at point 5, and 1.618 extension hit.
Looking at 1-4 as a target.
Comment:
All targets hit.
Comment:
Look for AB=CD pattern completion at a previous structural level.
Look for AB=CD pattern completion at a previous structural level.
Pay attention to the Invalidation Line highlighted in orange. If this pair surpasses this line then the Geometry will be invalidated.
Best,
Chartistry