Possible wedge forming, early stages (possible wave 3), watch PA to see if we make a wave 4 (possibly 3 subwaves in it), if so wave 5 may follow (likely 5-wave structure)... Divergence between 1 and 3 on the MACD, 5 should also give a lower high...
Harmonic pattern(s): With the current coordinates we could be forming a bat, PRZ around 0.886 XA...
I've also placed a Gartley PRZ on there at 0.786 XA (wave 1 of wedge could be B point, and wave 2 of wedge C...), the pattern is drawn in the background only, so that the chart doesn't get to crowded...
Wave 5 of wedge in confluence with one of the patterns PRZ's could give us a strong case for a short setup.
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Close to the level where we could see some new buying impulse...
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No go on the long, clean break to the downside... Close to support again..., divergence and possible wedge on the 15min.
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Ronnee
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Heh, Read somewhere , to buy Brit of anything on there LOWS, as everybody's deserting them pre Brexit..be watching for this...Ron...article suggested will quickly bounce back..cheers