Gbpusd shows a contraction but still needs to react as a correction.
In a effort of correction, there is a complex that shows presumable abcde pattern.
Comparing with market structure and analysis, there may be a continuation of ascending trend which is a correction for previous down side movement of BTC.
Dot reflects corrective pattern which maybe lead to wave 1 right now
In such a expanding diagonal maybe it has been better in order to locate motive waves which are incomplete.
H1 timeframe provides sophisticated waves in which corrective waves are obvious.
Regarding corrections and subwaves there may be a kind of wave c which is incomplete right now.
Actually high interest rates not always provide bad news for market
Market direction is in sensitive situation. Maybe buyers will win the game.
There is a tendency about formation of correction but it may be step by step.
There is an incomplete structure that resembles Expanding Triangle.
Daily observation indicates that there is a deep correction in price but it was really long term.
It is notable that weak sellers are in doubt about the market direction.
As a matter of fact there is enough price consolidation with corrective potential of down trend. In order to emphasize on s levels, colors of the levels differ from each other.
Btc struggles between minor levels in the structure likes triangle.
corrective movement of eos is ahead of price while there is no precision in price prediction
ETH is around sub-wave of 3 in an ABC pattern which is corrective but in up ward direction.