GBP/USD – Impulsive Bearish Swing – Minuette (c)

GBP/USD Wave Count is suggesting that a powerful Bearish Swing could occur, which would complete the entire Corrective Pattern in Minute IV (green).

Fibonacci Levels:

– 78.6% Fibonacci Retracement of previous Bearish Minuette (a) (red)
– 150.161.8% Fibonacci Extensions of Sub-Minuettes w & x (orange)
– 261.8% Fibonacci Extensions of Micro Waves A & B (purple)
– 100% Fibonacci Extensions of Sub-Micro Waves (3) & (4) (green)

Fibonacci Levels are suggesting that Minuette (b) (red) could be complete, leaving room for the Pattern to possibly start developing a Bearish 5 Swings Sequence in MInuette c (red).

A possible Bearish Divergence could be revealed at these times.

This post represents an update of the “GBPUSD – Rate Hike – Bullish Impulse” view.