GBPUSD HOURLY BEAR - SHORT SETUP
Hi all
price made higher highs, calling for a recalculation of alternate 1. Alternate 2 appears to be the more probable count.
Subminuette wave b orange = 1.05 x wave a.
Price opened below the channel this week.
IF wave 4 moves beyond the end of wave 1 in the alternate 2 count, alternate 1 will NOT be confirmed. Recent highs must be legitimately integrated into the A1 count.
Plan is to anticipate the last corrective actionary wave c.
_______
Confidence = orange channel violation
Confirmation = 1.4473
Target = green structure channel
price made higher highs, calling for a recalculation of alternate 1. Alternate 2 appears to be the more probable count.
Subminuette wave b orange = 1.05 x wave a.
Price opened below the channel this week.
IF wave 4 moves beyond the end of wave 1 in the alternate 2 count, alternate 1 will NOT be confirmed. Recent highs must be legitimately integrated into the A1 count.
Plan is to anticipate the last corrective actionary wave c.
_______
Confidence = orange channel violation
Confirmation = 1.4473
Target = green structure channel
