Hello and good night
Euro=pound analysis
Price start on the 4 hour chart at £0.85465, an impulse pattern that is completely clear with five sub-waves, then a zigzag pattern that has corrected 50-61.8% of the market!
Question?? Has the correction been enough? Maybe it will go down once again, finally up to 78.6%, any corrective structure, for example, a double zigzag, otherwise the analysis is invalid.
The first possibility could be 1.2 & 1.2 after a relatively shallow correction with a bull market
The next possibility could be a leading diagonal that has completed or is in the process of completing waves 4 and 5
If it is invalidated at the price of 0.87174, it can also be a double zigzag.
Good luck !
Thank you for your support
Mr. Nobody
Diagonal pattern or flat pattern???Bullish? Bears?
Euro=pound analysis
Price start on the 4 hour chart at £0.85465, an impulse pattern that is completely clear with five sub-waves, then a zigzag pattern that has corrected 50-61.8% of the market!
Question?? Has the correction been enough? Maybe it will go down once again, finally up to 78.6%, any corrective structure, for example, a double zigzag, otherwise the analysis is invalid.
The first possibility could be 1.2 & 1.2 after a relatively shallow correction with a bull market
The next possibility could be a leading diagonal that has completed or is in the process of completing waves 4 and 5
If it is invalidated at the price of 0.87174, it can also be a double zigzag.
Good luck !
Thank you for your support
Mr. Nobody
Diagonal pattern or flat pattern???Bullish? Bears?
