FX:GBPUSD   British Pound/U.S. Dollar
80 4 0
Harmonics. Upper lower.
Hi Jim whats your best guest are we done or more down side to come
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Jim8080
3 years ago
A break of point B will tell.
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mustard
3 years ago
I have an alternative take on this.

I see a bearish 3 drives move starting 2013-07-09 which did not fully complete.

The third impulse leg did complete on 2013-09-17 and had started to retrace, but the FOMC meeting which took place 2013-09-18 sent the price rocketing when it was confirmed that tapering was on hold.

Since then, bulls have tried to take it higher, but failed twice, creating the double top.

My view is that we are now in the first wave of a bearish correction.
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Gramatikov89
3 years ago
You are actually far away from harmonics with this chart dude... :D
Try to read or learn how and where to draw the patterns.
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