GBPUSD WEEKLY Chart

In this WEEKLY chart view, zooming in on this large move down from the wave (B) high, we can see a clear 3 wave decline.

WAVE COUNT
This decline from the ending of the wave (B) I have labeled as a 3-wave wave A of the larger degree wave (C) that should be the latter part of the right shoulder of the H&S pattern. From the wave count I have, this wave A is not yet done. There should still be a wave (IV) of A and a wave (V) of A left to go which means there is still more lower prices to come soon.

PATTERNS
Within this wave A decline, there is a COMPLETED Crab and prices are now testing that crab's PRZ.