*EUR/GBP labeled in an Intermediate degree (A)(B)(C) (red) sequence.
Patterns: - Running Flat in Minor B (blue), sub-wave of Intermediate (A) (red) - Expanding Flat in Intermediate (B) (red)
1 - Expecting a pull-back and then a last drive on the up-side. 2 - According to how the last move unfolds, a Bearish Divergence will be used to trigger the down-trend. 3 Ending Diagonal needed in the last sub-wave of Minor C (blue)
Many pips ahead!
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Labeling Minor C (blue) in an Ending Diagonal.
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Sell-off coming soon!
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Ready for the BIG sell-off?
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One more squeeze and it's out of aces.
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EURGBP correction over and time to go bearish again.