FOREX Prediction, 2021–02–09 Tuesday

GBPUSD:

The UP trend (started in 2020–03–20) is getting closer to end. The last time, the market did not reverse in 2021–02–02.

The next likely time for reversal is 2021–02–11.

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

As we have been waiting, the new DOWN trend will begin after the completion of Wave 7.

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,

Because of complex / nested wave formations of Sub-Wave 3 and 5 (of Wave 7 in D1), it was very difficult to count waves until now.

Luckily, the market has given enough info, and Sub-Wave 7 (of Wave 7 in D1) is forming currently.

The wave-count above is validated by the following Golden rations,

• Sub-Wave 1 = Sub-Wave 3 * 2.618 (Time-wise / Horizontally)
• Sub-Wave 5 = Sub-Wave 4 * 2.618 (Time-wise / Horizontally)
• Sub-Wave 5 = Sub-Wave 3 * 1.618 (Price-wise / Vertically)

If the wave-count in H4 is true, the market must break DOWN the beginning of Sub-Wave 7.

Conclusion:

• The market might plummet down this week. Thus, prepare to SELL.
• Start SELLING if the market breaks DOWN the Support 1.3560 and 1.3133.
• Based on my Numerology research, the next likely turning point for the DOWN trend is 2021–02–11, then 2021–03–01.