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and the more it looks that its gonna be contracted flat and it wont go that high for that gartley pattern all tho thats still not excluded cose until it it brakes that red line which is the gap lvl from two years ago and its strong support. with breaking that will confirm contracted and clear going down. for now it makes consolidation /flag/ right on it and looks...
why im seeing this will explain in chart in comments below, but for now if i isolate these fractions they are making recognizable structure for a motive and corrective wave. for the last part -red C, iv added pitchfork for representing supports and resistances on the way up as it makes ending diagonal (with this ends the correction as wave 2) and from somewhere...
if i take that those purple fractals represent one structure as wave A, than we are nearing the end of the wave B or some of the waves of who knows how long it will be, but whats important it looks as complete structure and we are nearing its end. now for the red diagonal as it was making lazy way down in C part, not surprisingly with that jump in wave D made...
similarity in orange (a) and (c) structures leads me to think that they are just parts of a hole complete red(b) part of bigger purple B wave, and that this correction aint over yet, and also this recent up movement gives similarity with red (a) wave. so several options that may happen are drawn on the chart but i aint gonna explain it cose there are various...
so the pound is not gonna be same as in previous as i thought and brake the bottom, that is what i expected at first, to be some zig zag correction... ull find it in comments... just stare a bit in the purple B wave and see its complexity.. thats why its so hard to get to ride the B wave. but as it brake the bottom that means we r in making on wave C. so the...
lets see if it bounce at those supports as in previous carts.
september-october 2017 same pattern as now. lets see if it stops at same lvls and if it turns...
here it is where we are in pound dollar. ill try with several smaller time frame charts to explain nicely the details and ill place them in comments of this chart, so.. like it so u can be updated.
the ghost candles are from september-october 2017 the circled one in previous chart. see how similar it is.?
since the price crossed the trend line it might as well brake that purple support cose those smaller structures that iv labeled may be completed as they are. and with that, correction is finished and on brexit day gbp goes up.
as the correction unfolds it shortens the probabilities. on the chart is presented 5-3-5 contracted flat cose i expect last (c) wave to be ending diagonal with deep d wave, remains to follow it...
wave structures up close... as we are in daily correction, and i presume zig zag ABC structure, and for now the price is ending the B structure. with red ABC is marked B part of it. with yellow are the structures of the B part with in it. and that ghost yellow pattern is from red A structure. now it needs to tag that orange low before it goes up for completing the...
will it get back in that daily channel or will it drop further down we will see after this ends... it will very much depends on what moves will show in the correction that will follow somewhere there...
as per previous charts and expectations we r above daily high and made a hew high, so from this point it can drop deep down, or it will be just another correction for medium term up before the big drop . now on the chart we can see that it retraced barely above 0.236 and im expecting to see at least 0.382 and if that will be all the correction or it will be part A...
so as this evolving im seeing a regular zig zag. im not gonna elaborate why so but here is my view... as on daily we can see that the price is in consolidation so on this chart is shown that we r ending the B wave and with that forming that gartley pattern, which will lead us to last part of daily correction.
this is very bold move predicting movement is this stage and with sub waves, cose it very much depends of what kind of moves will make therefore the structure may change! on the chart is shown last part that i was expecting from the weekly time frame and braking the top will mean its finished, so thats why im with my mind of divergence shown with yellow lines....