We may see a huge sell off for BTC soon.
The upward movement gave me 50 pips on GU. Now it needs to complete level 3 on the sell before any further move. Time to short
We are currently at wave 4 on EJ. I'm waiting for a confirmation at the 38.2% level or the 50% level before taking a short for Wave 5.
I'm looking to see a pull back to the 61.8% level to confirm a new wave of Elliott Wave to the downside. On the higher tf, GU has just completed Wave 4, and Wave 5 will be very strong to the downside
Expecting some serious pips today
This will take at least a week to play out. Be patient! Follow me on Telegram! => t.me
Elliot wave played out well in the smaller timeframe. Let's check the higher timeframe. We have finished wave 1,2,3 and we're about to finish wave 4. The complexity of wave 4 makes it difficult to predict where the price will end although it has to finish between 38.2% and 50% of Fib Retracement. After this wave is completed, we will see a huge move to the...
Wave 3 is almost done. We need a couple more hours to validate the completion of wave 3. Then it comes the wave 4 correction at about 38.2% of wave 3. Then Wave 5 should be the same size as wave 1 of +150 pips.
GU may make a clean move today to the downside. Keep an eye out!
The upcoming ECB's policy and US's CPI may help the Cable to escape the consolidation zones
Price could not break the 1.238 level and is currently heading back to the low
Price may go all the way up to 1.248 level today. Then it can reverse to the previous low or continue to go up if Brexit news is good.
Second wave stopped exactly at 61.8% after the first impulse. We need to wait till London session to confirm the validity of wave 3. After that, wave 4 will be 38.2% of wave 3; and wave 5 will be the same as wave 1. Keep watching. This happens on AUDUSD as well on the 30m tf
Next couple candles can determine the direction of the GU pair. It can either continue to the downside to complete the wedge OR continue to shoot up if the neckline holds. It's been a good week for GU with some good news about Brexit. Let's see how it is next week. It will be an amazing week
Price is retesting the previous trendline. The retracecment is also at 61.8% Fib. It also fits the Elliot Wave. The third wave will move sharply to the downside. If the third wave is confirmed, we can take huge profit from the 5th wave.
Trendline and Key Level remains strong after many attempt trying to break under. We can see a potential bounce up soon
High probability sell today to 1.225xx level