wsbza

Possible wave structure interpretation

Short
wsbza Updated   
FX:EURGBP   Euro / British Pound
Expecting another wave (C) decline to unfold once C of (B) is done
Comment:
a solid close below the previous supportive zone would suggest wave C of (B) has finished
Comment:
bearish outlook
Comment:
preferred count in pink
Comment:
close to a reversal ? preferred count in red
Comment:
looks like bears might win the battle, waiting for Guyyp EMA sell signal
Comment:
took an initial short as i believe the yellow count is valid, guppy EMA
also says yes
Comment:
still going up, no clear sign of reversal
Comment:

'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'


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