Could be pink wave C of (C) of a Triangle or green wave 3-4-5 of (C) of a Flat both cases suggest further downside potential
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micro count
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bearish count
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micro count
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bears awake?
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Wave (C) of flat is less likely to happen as the sub wave 2 of (C) is getting too big. But we could still have a C of (C) decline that will form a part of a large triangle correction
@maksoy, a close above the start of white wave (i) will invalid this bearish scenario. if i had no position on this pair, i would wait until it breach the lower pink channel line first
GBPAUD seems to be a good short opportunity.
Do you agree?
Thank you for your interest.