POUND parabolic DOWN … look for a BUY

CLIFF NOTES: in the past posts we have shown parabolic arcs UP and now, w/in the context of the intra-day world we have a culminating/parabolic move DOWN into the .786 and/or the .866 region. (hint hint – the POUND likes the .886)  When we reach this parabolic structure to the downside it’s “usually” the limit of the downside…expecting a 3 leg correction from levels shown in the blue box.

POUND acceleration down has hit the "terminal" point so expect a bounce

POUND acceleration down has hit the “terminal” point so expect a bounce

also, not that it matters, I do find it interesting that 710 hours ago we were in/around the top area at the 1.7180’s …(hint hint: 710/656 hours are moon cycles)

 

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