GBPUSD | The best scenario for the fall📝
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.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
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.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️