Pretty self explanatory as per the chart. Patterns and measured moves (equal distance, i.e AB=CD
) are color coded to keep things simple on the chart as there is a lot here. There are plenty of retracements everywhere (the top is a big 50 I'll show on another chart).
There are also plenty of smaller harmonic
mpves but these are the main ones for our purpose going forward.
With all the bearish
news around the the Cable & EURO
right now, I thought I'd bring this to everyone's attention. We could be in for a big bottom/reversal here, don't be surprised!