GB had still 2.618 swing size in here while AudUsd have pure ABC drop. This came pretty much directly from that daily bearish chart but divergences are not attractive enough but these swing sizes are effective to stop things for a while.
It seems that pretty much everything is landing for EU morning anyway, that CadYen has took agressive impulse also. My exit with it yesterday was more than on time, it took fifth still for it but then things has ended.
This is not going to be very bullish sign for US market today, all down.
Watching any 3 wave structure patterns to be build anywhere – everything too progressive to do anything yet.
That GU was actually perfect case where things can alternate but in different location. It looked alike yesterday to have abc-X-abc-X conditions to be missing third 3 wave component for it as ending diagonal. Well, that component never came, it build it as bearish contracting triangle. It is also very long lasting pattern how it was build. It is possible it was W4 anyway, since then it is not much GU has took down but contracting pattern would be required anyway for any kind of other than temporary reversal.
Back to stocks re-search, this forex club does not interest me in here much. All bearish anyway.
