The GBPUSD market seems to be setting 3 different potential harmonic patterns within the same area.
1) In blue we have a Cypher Pattern 2) In yellow we see a Bat Pattern 3) In red we see a Gartley Pattern
In a perfect world, we´d be able to sell the Gartley all the way to the buying point of the Cypher for example. We can only dream :D.
I will update this post with further analysis, as the market continues moving.
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I just realised that the potential Bat Pattern doesn't meet the requirements to qualify as one. The B point retraces and closes at the 0.618 level of the X-A move, this is well below the required range of 0.382-0.500.
My bad :P
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Red Gartley trade is now active, with a small positive equity