GBPUSD ABOVE 13000 AB=CD OR BAT!!!
In my previous post there were couple of patterns that were in progress and made their targets or exceeded them.
What now there is 2 probable patterns at this time:
1. Bat currently in the CD leg... D = 886*XA if that is the ultimate price zone or
2. AB=CD where CD= between 100%/127%/162%... currently nearer 100%.
The yellow LINE is a guide and not what shall happen... let the market run its path of least resistance
and tag the optimum resistance price.
Failure to consolidate or reverse from 886 and break above 13268 will target the 1.13*XA zone which will be the ALT BAT
1.13*XA=13332.
What now there is 2 probable patterns at this time:
1. Bat currently in the CD leg... D = 886*XA if that is the ultimate price zone or
2. AB=CD where CD= between 100%/127%/162%... currently nearer 100%.
The yellow LINE is a guide and not what shall happen... let the market run its path of least resistance
and tag the optimum resistance price.
Failure to consolidate or reverse from 886 and break above 13268 will target the 1.13*XA zone which will be the ALT BAT
1.13*XA=13332.
