Rezajahani

Rezajahani

The price has started a corrective phase after a 5-wave Elliott move. We are currently waiting for a three-wave upward correction. Expect a major bearish move on this chart.

Rezajahani

The price has started a corrective phase after a 5-wave Elliott move. We are currently waiting for a three-wave upward correction. Expect a major bearish move on this chart.

Rezajahani

Given the dollar index and the current weak position of the pound, as well as the technical condition of the pound, the decline of the pound can be estimated until Friday.

Rezajahani

It is very likely that the pound will have a short-term uptrend and then have to wait for a downtrend.

Rezajahani

If the price can break the support level, it can fall to the desired level after a break and re-test the resistance range.

Rezajahani

What the price shows us is that the price is stuck between strong support and resistance; The intermediate resistance is broken and the price is likely to rise until the next resistance is specified TVC:DXY

Rezajahani

wait for retrace

Rezajahani

wait for time retrace

Rezajahani

wait for price retrace

Rezajahani

I am waiting for a divergence for the price to rise

Rezajahani

wait for sell position

Rezajahani

short

Rezajahani

will go up

Rezajahani

becouse of elliot waves analysis my idea,wave 4 of big structure is about completed but because of wave 4 is complete with 3 retrace wave,first wave of three wave is complete,we did not see wave 2 and 3,in this moment this wave 2 is end and we go to third wave of retrace,,,,{ a,b,c} when this up wave pattern is complete we go to wave 5 of big down structure

Rezajahani

wait for sell

Rezajahani

wait for bearish wave

Rezajahani

wait for buy

Rezajahani

wait for buy