GBPUSD DAILY Chart

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WAVE COUNT
Focusing in on the wave (c) down, I have broken down the subwaves into the 5-subwavevs of the wave (c) and what I see is that the most recent drop was part of the wave (iii) of the 5-wave wave (c). There should be still a wave (iv) and wave (v) back down yet to come. Right now, the wave (iii) seems to be coming to and end soon having hit a MAJOR SR Structure zone.

PATTERNS
As mentioned in the WEEKLY chart, there is a COMPLETED crab pattern in which prices are now testing its' PRZ.

Penafian

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