You can clearly see the larger rising wedge and subsequent break of which the target has not been met ~ £3139.
It also follows on from the ABCDE Elliott Wave to now form I an ABC corrective wave, so any movement above the Blue Pivot line will invalidate this!
See example for more clarity:-
thepatternsite.com/abc.html
It also follows on from the ABCDE Elliott Wave to now form I an ABC corrective wave, so any movement above the Blue Pivot line will invalidate this!
See example for more clarity:-
thepatternsite.com/abc.html
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BTCUSD
