stanchiam

stanchiam

If the divergence and what appears to be an ending diagonal, too early to know, then it could start to fall Perhaps this will come true if gbpusd spike up strongly

stanchiam

A probability to look out for, if price do spike up, should look to buy with tight stop

stanchiam

Finally we have a clear 5 wave down(first wave on higher time frame), expecting a stronger move down after retracement Should see at least 3 wave down on higher time frame

stanchiam

After repeated move towards the high, I am pretty confident the fall starts from here Should see a strong move down soon towards the 50%

stanchiam

Picture getting clearer and clearer, now waiting for strong first wave 1 down to confirm and look for opportunity to short it big time Good luck

stanchiam

it appears that the last 5 wave of the ending diagonal of wave 5 of C is done, get ready for the fall mid to long term good luck

stanchiam

They say when everyone is bearish you buy. Had verify with elliott wave and it support such scenario. We now need to see a strong initial impulse wave 1 to confirm this count. Good luck.

stanchiam

be careful of gu as wave wise, it can be consider done for an ending diagonal if it does not extend further waves will not be surprise if it mount a strong reversal

stanchiam

Anything can happen but I favor a bigger corrective move up first before going lower to complete the entire moves A long way to go time wise, go luck.

stanchiam

After a long 5 saves up and Powell hint of rates, it favors a correction of at least 50% for the mid term Will continue to sell her once price break below support

stanchiam

this is what I am seeing

stanchiam

after the last wave e, it had been a while since the update wave i could have been done and ii in progress, once it is completed we may see wave iii coming I am not in favor of another move up as long it is within the triangle, hopefully this proceed as expected and the bear reap a nice reward

stanchiam

the entire move up could still be part of a correction, unless we see a big move up, it is still trapped inside a range will not be surprise if it drop below the low

stanchiam

Just a probability

stanchiam

may be, but too early to know if it is indeed ending diagonal wave C

stanchiam

if price continues to weaken and close below the breakout, we should see a bigger reverse down perhaps to complete a flat pattern have a great weekend

stanchiam

Price managed to move back up but it exceed expectation if it continue and close above the resistant, the trend could reverse and become the start of bullish wave we need to adapt and follow the waves if it told us to

stanchiam

15 min suggest this move is highly corrective, probably C wave lets see next week if price start continuation down or bulls manage to change the trend