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Analysis (GBP=CHF)
The starting price is 1.01665, which is an impulse pattern that is quite clear with five microwaves, which reached the highest price level of 1.15755.
a question? Is the correction pattern over? We are witnessing a bullish market soon!!!
At least to complete a zigzag pattern one leg will go beyond and if an impulse pattern is of a larger degree it will be longer and the price record will continue higher and higher.
The second possibility: the beginning of the market correction from the price of 1.15755, which could be a combination pattern (triple three) that has not yet been completed and will once again test the range between 50 and 61.8%.
Finally, the price advances to 1.07140 and the bullish market continues.
The first possibility is that the correction pattern is over because it is a flat pattern whose wave (C) is a diagonal pattern and then an impulse wave and then an extended flat pattern has been formed and it is now forming a diagonal pattern.
Or 1.2, 1.2, 1.2 and we are witnessing the maturing of the market and fast progress.
Good luck!
I appreciate your support and I will try to be my best.
Analysis (GBP=CHF)
The starting price is 1.01665, which is an impulse pattern that is quite clear with five microwaves, which reached the highest price level of 1.15755.
a question? Is the correction pattern over? We are witnessing a bullish market soon!!!
At least to complete a zigzag pattern one leg will go beyond and if an impulse pattern is of a larger degree it will be longer and the price record will continue higher and higher.
The second possibility: the beginning of the market correction from the price of 1.15755, which could be a combination pattern (triple three) that has not yet been completed and will once again test the range between 50 and 61.8%.
Finally, the price advances to 1.07140 and the bullish market continues.
The first possibility is that the correction pattern is over because it is a flat pattern whose wave (C) is a diagonal pattern and then an impulse wave and then an extended flat pattern has been formed and it is now forming a diagonal pattern.
Or 1.2, 1.2, 1.2 and we are witnessing the maturing of the market and fast progress.
Good luck!
I appreciate your support and I will try to be my best.
