EURGBP - Running Triangle Pattern

30 Kas 2017

EURGBP seems to be developing a Running Triangle in Minute IV (red) position, with its sub-wave Minuette (e) (pink) remaining and not yet finalized.

Should EURGBP reverse to the up-side in a ''three", then the converging and the possible triangle connecting line from Minuettes (a) & (c) would be closely watched for possible sell set-ups.

Scenario would be invalidated if a sharp bearish move would occur beyond Minuette (b) of the Running Triangle.

1 Ara 2017

Not

possible bounce off the connection line of the triangle, to be watched further

5 Ara 2017

Not

EURGBP bounced off the lower converging line from the Running Triangle.
Up-side should reflect a ''three''.

Wave Count has been revised as time cycles do not agree with the triangle forming in a IV wave position because it takes too long and Law of Alternation comes in with time-wise conflict.

We are currently in a Minor B from a Larger Degree (bigger correction) Intermediate (Y) from the overall Primary B Complex Correction.

5 Ara 2017

Not

Primary Degree Correction:

14 Ara 2017

Not

still Bullish:

18 Oca 2018

Not

EURGBP could start a Bullish Wave, 0.88 should be watched closely for possible Support.

5 Mar 2018

Not