FOREX Prediction, 2021–01–27 Wednesday

GBPUSD:

My prediction is mostly the same as the previous one. But, the last several days, I have been studying Numerology, and I couldn’t be more amazed.

For anyone interested, please check out works of Nichola Tesla and William Delbert Gann.

Let’s take a look at the D1 chart (some Fibonacci’s are hidden to prevent clutter),

As we have been waiting, the final wave (Wave 7) of the UP trend (started in 2020–03–20) seems to form a complex wave and is getting closer to end. After Wave 7, the DOWN trend will begin.

Still, the big question is “when and how Wave 7 will end?”

In Generalized Wave Theory, a wave consists of at most SEVEN sub-waves.

Let’s dissect Wave 7 (D1) in the H4 chart (some Fibonacci’s are hidden to prevent clutter) to predict it’s ending,

Unfortunately, I couldn’t find a wave-count with rock-solid confirmations. There are multiple wave-counts with various Fibonacci ratios.

The wave-count above is the one I personally suspect (no vertical Fibonacci yet).

Anyway, if a market has multiple ways to unfold, it is best to WAIT. Sooner or later, the market will reveal itself.

Either way, if the DOWN trend begins, it must break DOWN the Support 1.3133.

Conclusion:

• The market might plummet down next week. Thus, prepare to SELL.
• Start SELLING if the market breaks DOWN the Support 1.3303 and 1.3133.
• Based on my Numerology research, the next likely turning point for the DOWN trend is 2021–02–02, then 2021–02–11.