GBPJPY - 2H - Gartley morph into Crab for 5th wave completion?

FX:GBPJPY   British Pound / Japanese Yen
This is a followup to the idea from yesterday (link below)
yesterday i said the X point of the gartley was the potential 5th wave of the recent downmove. now that we violated X, this doesnt work anyway, so i had to rethink my view on the waves. I think a reasonable scenario would be to make wave 3 an extended wave with another 5 wave stucture inside it.
that would explain the recent downmove. now the question is where does wave 5 end.
my line in th             sand is this crab pattern that terminates in a big fib cluster zone between the 2 realevant crab projections of 1618XA and 3.618 BC             just above the very powerful 618 retracement of the "recent" impulse upwards we saw on the weekly timeframe . I think a bigger bounce of that area will be likly.

till we get there i think its wise to stay on the short side. i guess we will see a bit of a correction soon since the momentum spike down. so the end of that correction could be a reason to go short. to trade price down in the cluster area
nice post :)
thank you
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out