GBPUSD - Impulsive Bearish Swing - Minuette (c)
GBPUSD Wave Count is suggesting that a powerful Bearish Swing could occur, which would complete the entire Corrective Pattern.
Fibonacci Levels:
- 78.6% Fibonacci Retracement of previous Bearish Minuette (a) (red)
- 150.161.8% Fibonacci Extensions of Sub-Minuettes w & x (orange)
- 261.8% Fibonacci Extensions of Micro Waves A & B (purple)
- 100% Fibonacci Extensions of Sub-Micro Waves (3) & (4) (green)
Fibonacci Levels are suggesting that Minuette (b) (red) could be complete, leaving room for the Pattern to possibly start developing a Bearish 5 Swings Sequence.
A possible Bearish Divergence could be revealed at these times.
Fibonacci Levels:
- 78.6% Fibonacci Retracement of previous Bearish Minuette (a) (red)
- 150.161.8% Fibonacci Extensions of Sub-Minuettes w & x (orange)
- 261.8% Fibonacci Extensions of Micro Waves A & B (purple)
- 100% Fibonacci Extensions of Sub-Micro Waves (3) & (4) (green)
Fibonacci Levels are suggesting that Minuette (b) (red) could be complete, leaving room for the Pattern to possibly start developing a Bearish 5 Swings Sequence.
A possible Bearish Divergence could be revealed at these times.
Trade active:
1.3530 Level remains valid for the current Short.
Trade closed: target reached:
Target partially reached, trade closed in profit. Waiting for final :bull: before selling harder.
More up-side before the big fall.