Diagonal pattern or flat pattern???Bullish? Bears?
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?
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.