GBPUSD. Bear Flag
This is the combination of pattern + wave analysis.
Bear flag = consolidation before continuation downside.
Price could test the upside of the channel before a drop.
Target for C = 1.1790 (61.8% of A) or 1.1204 (100% of A)
Flag's target is quite ambitious = 1.1037 (that's why I prefer wave targets to calibrate the goals)
Bear flag = consolidation before continuation downside.
Price could test the upside of the channel before a drop.
Target for C = 1.1790 (61.8% of A) or 1.1204 (100% of A)
Flag's target is quite ambitious = 1.1037 (that's why I prefer wave targets to calibrate the goals)
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