GBP/USD 60
Action : Short/Sell, 3 wave degrees downtrend
Type signal : BREAK OUT,conservative
Applies to : Investors
Conservative Target :1.4355
2nd Target :1.4768
Wave degree (1st) :Minor
Wave :3
Wave degree (2nd) :Minute
Wave :3
% signals wave 2 :19.1338
% signals wave 3 :72.6347
% signals wave 4 :4.4645
% signals wave 5 :3.7670
Late Exit Alert :1.5091
Earlier Exit Alert :1.5047
SELL advice
This is a very negative signal! Three consecutive wave degrees show a clear NEGATIVE trend, as well as a negative
EASI, which indicates that the target has not yet been reached.
Check if the wave degrees are the time frames you trade.
An interesting price swing for investors. A conservative price move of in general approximately 5% or more is indicated, depending on how far the price move has progressed already, see the target below.
From Minor to Minuette Wave degrees the trends are all DOWN. Most likely the target of the Minuettte wave degree, which is in wave 3, will be reached at 1.4740 or percentagewise 1.4081%
Quite often also the target of the next wave degree could be reached at 1.4355, which is in wave 3.
ps-trade at your own risk...
