dojitrader

Fully Extended 3 Drive Potential Pattern . . . ???

Long
FX:EURGBP   Euro / Sterlina
7
Clearly symmetrical - So Far - with a confluence
of Fibs and Daily support area =
Third times the charm ?
For a bigger bounce than the other 2 drives.
EW suggests that it could rise back to the 4th wave.
(3 drives usually retrace to it's origin)
Although this proposed 5th wave is rather messy
as this 5th may develop into ending diagonal.
Candlesticks, as always will help with the long
entry trigger and fine tune the stops.
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