B/C Correction for E/G Before Descent To .8400?!

2024年8月26日

Here I have EUR/GBP on the 4Hr Chart!

Ever since EUR/GBP made its transition into a Downtrend from the High @ .86248 to Lower High @ .85928, Price has been strong on the decline eventually giving Break to the .8510 - .8500 Area.

This Correction Wave, based on the Fib Trend Ext Tool, has eyes on the Range Target of .84409 - 8405!

Before the Final Extension can happen, I suspect Price will need to make a Retracement to the Fib Entry Zone @ .84976 - .85133!
*Golden Zone @ .85032 - .85087

After which I will be looking to take Sell Opportunities to finish the Wave!

Indicators:
-Price Trading Below DSR
-Price Trading Below 200 EMA
-DSR + EMA leading to "Death Cross"
-RSI Below 50
-BBTrend Printing Red Bars

2024年8月29日

註釋

Finished the wave without the extra correction!

-Keep an eye out for an Impulse Wave to form!