3 - Volatility in 2018-2019 & The Financial Earthquake
Cycle wave W (turquoise) top has been tagged at the end of January 2018, when the Triple Three pattern concluded with its Primary sequence WXYXZ (purple).
The bearish breach which followed until mid-August has been labeled as Primary W (red), the first leg of Cycle wave X (turquoise).
Since mid-August 2018, when GBP/USD bounced off the 1.2750 support, a bullish corrective sequence could be noticed in what has been labeled as Primary X (red).
Intermediate (A)(B)(C) (orange) appears to be developing as an attempt to recover some of the previous losses, within a possible ascending channel. Intermediate (A) (orange) has been corrected almost entirely by Intermediate (B) (orange), with what appears to be a Flat formation.
If the labeling is correct, then Intermediate (C) (orange) should begin a bullish impulse, one which could reach as high as 1.3500 or even 1.3700 levels.
The bearish breach which followed until mid-August has been labeled as Primary W (red), the first leg of Cycle wave X (turquoise).
Since mid-August 2018, when GBP/USD bounced off the 1.2750 support, a bullish corrective sequence could be noticed in what has been labeled as Primary X (red).
Intermediate (A)(B)(C) (orange) appears to be developing as an attempt to recover some of the previous losses, within a possible ascending channel. Intermediate (A) (orange) has been corrected almost entirely by Intermediate (B) (orange), with what appears to be a Flat formation.
If the labeling is correct, then Intermediate (C) (orange) should begin a bullish impulse, one which could reach as high as 1.3500 or even 1.3700 levels.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.