Historical top ( elliot )

١٥ يناير ٢٠٢١

#EURGBP. You can see the chart since 1994. the price has reached its historical top (about 0.91694). Due to current waves momentum, wave analysis and comparing to the wave fomed between 2007 & 2008 it can't exceed this top and there will be bearish trend on the way in next several months.
according to wave analysis, a complex correction is taking place and it is currently forming wave C. this part of correction is either a flat or a triangle.
Selling is best for long term investment here.
#marketskey #kamyabhadaeghi #2021-01-15