OANDA:GBPUSD   جنيه إسترليني / دولار أمريكي
💡DETAILS ABOUT THE PRICE MOVEMENT ON THE WEEKLY CHART💡

📉When the bearish trend has started
Bullish 9 waves in Weekly has been formed since 24th Feb then bearish trend has started.

My counting has been right since then as below.
🐻The February bottom(1.3778) is W_1
🐻The March top (1.4005) is W_2
🐻The March bottom(1.3670) is W_3
🐻The April top(1.3918) is W_4
🐻The April bottom(1.3669) is W_5
->What's next?

Scenario1
The price would form 12345 from 2(1.4005).
If so, yellow 7 would be formed to break yellow5.
Fib 38.2(W6 and W9) awaits around 1.3645, which would be bearish M_4.

Scenario2
If Yellow4 shoule be broken, it'd be confiirmed that the April bottom(1.3669) is W_5=Correction A or C=0.


If W9 is M3 (3 in monthly chart), M4 would hit from Fib38.2-61.8 or less.
I don't know yet. The chart will tell.

PLEASE DO NOT FORGET TO LIKE👍🏻 AND FOLLOW ME! THANK YOU 🎉
HAVE A NICE WEEKEND!!

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.