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Re: *WIP* FerruFX's Multi-Info Evo

econome, Sun Nov 25, 2018 11:58 pm

Just quick revisit of last weeks levels (which continue to be valid, including my own sell zone, which was unpublished as I did not have time last week). Now looking for the continuation, down through the fibonacci fan level, selling on retraces, waiting or small buying on signs of bounces on the 78.6 and 32.8/14.6 marked below the price. A breakdown of the clearly visible fan trendline takes us nicely to the 1.2610. Continuing Brexit madness only helps. I appreciate the earlier gratitude expressed. Very clear resistance higher up at 1.2850-70; 1.2980 and 1.3050, in case it does make a confident zoom up. I've not done the wave counts yet, which would reveal better opportunities. The Multi-Info is at 86% short, BUT it needs TWO daily closes beneath 1.2727 for a new swing to be in play. There's no really clear trades for me at the current price without also checking the fundamentals out and having more of a view on the Brexit scenario unfoldment. But overall, we're still very either entering, or soon to enter a 3rd (most powerful in price) downward impulsive 3rd wave (also most powerful in price) in my view, which is very exciting for short GBPUSD, but in a correction at the moment, which is yet to confirm whether it is over (ABC zigzag), or going to become more complex, in which the current downmove will become an ABC zigzag, followed by another corrective pattern. 1.2380 is a key downside level that I can immediately see.
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