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Completion of C wave expected to push the move up.
Completion of the C wave then?
Only thing i can see is price to move up and break the top of the A wave. Lete wait for that to happen and have another look.
Uptrend showing signs of a drop, how far is unknown for now, corrective or impulsive? Whichever it is, the drop is now expected.
Waiting for the drop down to break the previous low.
Another EURO trade in a correction, move up to the B then down to the C expected.
This week should give us the final last push up to complete the C.
Perfect triple three coming to an end, watch price pop up once we move down a little more to complete the last C wave.
Although very clumsy, we are seeing a very clear triple three pattern.
If it plays out as expected we shopuld see it roughly follow the arrows Ive mapped out.
Nice corrective pattern playing out, should see a bounce from this zone for the move up.
This sharp move looks very much like an impulsive C wave, we should see a break of the A wave then drop all the way back down to the low.
I know this will be an unpopular view, but Im a chartist and dont trade on hoping and praying.
This is my current monthly road map for GBPUSD. We are always forming some kind of pattern wether its the highest timeframe or the lowest, you should always know where you are on the bigger picture.
Currently seeing a corrective pattern devolping, once complete we should see a move up.
Expecting Price to continue up to complete the C, remember this may be extended so may not move as quick as we hope.
Expecting a move up to break the top.
Price should sue this zone to move up towards the last high.
Using both pattern trading and zones, we should see this play out.
Expecting a move up to complete the larger ABC structure, Im expecting a weak dollar, but i think we will see few corrections complete on dollar pairs like this one first.