Corrective Structure to Bear Continuation for FX:GBPAUD by jollybone2002 — TradingView

Last Trade day, we were in a corrective Zig Zag structure, looks very bearish , but stochastics on multiple time charts support going down.

The whole corrective structure in itself respects the 76.4 retracement area, along with a double top reversal pattern on the top.

So while a lot of people were thinking reversal and bull, in reality were were within a correction structure.

For those who understand pattern cycles, after corrections are continuation.

Expecting to possibly see 1.83 and 1.82 levels into next week.

Happy Hunting

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