scenario One: pound is in wave 4 which looks like a Regular Flat - A corrective 3-wave move labelled as ABC - Subdivision of waves A and B is in 3 waves - Subdivision of wave C is in 5(3-3-3-3-3) waves ending diagonal
Fibonacci Ratio Relationship: -Wave C = 123.6% of wave AB and < 168.1% of wave AB
Divergence -Wave C have momentum divergence
stop and recount price overlaps wave 1 (wave 4 scenario is invalid) Wave C=>168.1% of wave AB (ABC scenario is invalid)
Note: I'll try to publish today another two scenarios both also favour short