I called the previous big drop:
Down-trend unfolded with overlaps.
Elliott Wave Analysis
EUR/GBP labeled in an Intermediate degree (A)(B)(C) (red) sequence.
- Running Flat in Minor B (blue), sub-wave of Intermediate (A) (red)
- Expanding Flat in Intermediate (B) (red)
1 - Expecting a ...
USD/CHF labeled in an Intermediate degree (B) (blue), within a Double Three pattern in its Minor WXY (purple) sub-waves.
MInor W & X (purple) finalized and within Minor Y (purple), its Minute A & B (red) sub-waves have also completed.
Expecting Minute C (red) to commence a bearish sell-off, with a sustained down-trend, in an aggressive and impulsive manner.
USD/JPY labeled in a Minor degree ABC (red) sequence, with Minor A (red) and Minor B (red) finalized, showing a Bearish Cypher in Minor B (red).
Minor C (red) already started, with Minute i (red) and Minute ii (red) finalized.
Expecting a Bearish Sell-off in Minute iii (red) of Minor C (red), with an extension and a sustained down-trend.
GBP/USD labeled in a Minor degree ABC (green) sequence, with Minor A (green) and Minor B (green) finalized, showing a Double Three in Minute degrees WXYXZ (purple).
Expecting a Bullish Rally in Minor C (green), with an extension and a sustained up-trend.
EUR/USD labeled in a Minor degree C (light blue) wave, with Minute degrees i & ii (green) complete, showing a Zig-Zag in Minute ii (green).
Minute iii (green) has started its sub-waves Minuette (i) & (ii) are also complete, with a Running Flat in Minuette (iii) (black).
Expecting a rally, a bullish impulse and an Extension.