This looks like it is setting up for a drop - we could indeed be in phase C of the concept.
I would be keen to speak to others who trade Wyckoff and welcome comments and feedback below.
It would make overall sense for a weaker Pound - Although Brexit had a deal, there's a long way to go and I am not sure how good the deal truly is. We then have Covid - 21 to contend with. Which is likely to cause the UK more issues than most.
Daily is in an uptrend but looks like we have tagged the 3 wave extension - meaning it's due a pullback which could be this short here on the smaller Timeframes.
Happy New Year to you all.
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