GBP\/USD – Will It Continue the 5th Wave
GBP/USD – Will It Continue the 5th Wave
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Blog Post: Day 37 of $QQQ short term down-trend; GMI=1 and 10 week average closes week below 30 week average, see weekly chart. Stage 4 down-trend likely.
Be very careful as we may be at the beginning of a significant Stage 4 down-trend. We may see a retracement to the 4wk average at 583.94. That may be resistance. Screenshot GMI=1 and remains RED. T2108=19, still above the level where many bottoms have occurred, below 10. Screenshot Related Source link
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