GBPUSD | The best scenario for the fallð
Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism.
In this analysis, we examine wave 1 in the weekly time frame.
In wave 1, microwaves 1, 2 and 3 are completely formed and now we are inside wave 4.
In wave 4, wave a is completed as 5 waves and now wave b is being formed and we expect wave b to be formed in the form of a flat and then wave c to be completed in the specified targets.
Here are two ways to move the price:
Case 1: If the price breaks the yellow dashed line completely, the price will move to the bottom of the pink channel, which is tangential to the blue channel.
Case 2: If the price breaks the pink channel ceiling, the price will move to Fibonacci 0.618 to form wave b.
This analysis is fielded if the price crosses the black dashed line.
ðIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsð
âĪïļPlease, support this idea with a like and comment!âĪïļ
In this analysis, we examine wave 1 in the weekly time frame.
In wave 1, microwaves 1, 2 and 3 are completely formed and now we are inside wave 4.
In wave 4, wave a is completed as 5 waves and now wave b is being formed and we expect wave b to be formed in the form of a flat and then wave c to be completed in the specified targets.
Here are two ways to move the price:
Case 1: If the price breaks the yellow dashed line completely, the price will move to the bottom of the pink channel, which is tangential to the blue channel.
Case 2: If the price breaks the pink channel ceiling, the price will move to Fibonacci 0.618 to form wave b.
This analysis is fielded if the price crosses the black dashed line.
ðIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsð
âĪïļPlease, support this idea with a like and comment!âĪïļ