I see two options for the EURGBP:
1) A Flat correction and
2) A Triangle
Minor wave 3 is complete thus minor wave 4 is underway. Wave 4 being a countertrend move will prove to have two options as listed above. I prefer to always think that the Flat will form but keeping my eye open for the potential reversal at the 0.618 level signaling a Triangle...
This is my first Chart publication so forgive me if it is too busy. I use it also as a live journal and update it as the waves move.
In any case, The IBEX35 is completing a triangle and wave 4 correction thus it is about to begin its move down with my TP1 estimate at 7365 and has the potential to go to TP2 at 6565.
I also want to Thank all those that I...
