GBPUSD - Impulsive Bearish Swing - Minuette (c)
Updated
GBPUSD Wave Count is suggesting that a powerful Bearish Swing could occur, which would complete the entire Corrective Pattern.
Fibonacci Levels:
- 78.6% Fibonacci Retracement of previous Bearish Minuette (a) (red)
- 150.161.8% Fibonacci Extensions of Sub-Minuettes w & x (orange)
- 261.8% Fibonacci Extensions of Micro Waves A & B (purple)
- 100% Fibonacci Extensions of Sub-Micro Waves (3) & (4) (green)
Fibonacci Levels are suggesting that Minuette (b) (red) could be complete, leaving room for the Pattern to possibly start developing a Bearish 5 Swings Sequence.
A possible Bearish Divergence could be revealed at these times.
Fibonacci Levels:
- 78.6% Fibonacci Retracement of previous Bearish Minuette (a) (red)
- 150.161.8% Fibonacci Extensions of Sub-Minuettes w & x (orange)
- 261.8% Fibonacci Extensions of Micro Waves A & B (purple)
- 100% Fibonacci Extensions of Sub-Micro Waves (3) & (4) (green)
Fibonacci Levels are suggesting that Minuette (b) (red) could be complete, leaving room for the Pattern to possibly start developing a Bearish 5 Swings Sequence.
A possible Bearish Divergence could be revealed at these times.
Trade active
1.3530 Level remains valid for the current Short.Note
Structure reviewed, Ending Diagonal in play!More up-side before the big fall.
Trade closed: target reached
Target partially reached, trade closed in profit. Waiting for final :bull: before selling harder.
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