WHAT NEXT FOR POUND ??
We are still in weekly downtrend I consider price action from last October as a bigger complesed sorrection in form of WXYXZ possibly.
Price reache key level and it is at trendline.
We have couple ogf potions now:
1 - breakout consolidation under trendline or over trendline and another impulse down.
2 - another wave up to complete 5 waves pattern in for of WXYXZ
I am more in favour of another wave up as cross market analysis shows potential for kiwi to get weaker against of major pairs.
Regards
Price reache key level and it is at trendline.
We have couple ogf potions now:
1 - breakout consolidation under trendline or over trendline and another impulse down.
2 - another wave up to complete 5 waves pattern in for of WXYXZ
I am more in favour of another wave up as cross market analysis shows potential for kiwi to get weaker against of major pairs.
Regards
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Komentarz:
Looks like we going to have another impulse down at least to 1.64000 level
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Komentarz:
Will go up as more signs of accumulation.
% wes structupside as predicted from brgining.
% wes structupside as predicted from brgining.
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