GBP.USD setting up for 216 pip break out: GU Fib Jump Imminentu

High time frame Fib series which control of GU since 2018.
You already know the massive Brexit/Elections volatility.
Break Out traders should be watching these levels keenly.

Which way will it break? Does it really matter?
When will it break? Set TV "Alerts" to warn you.
Why 216 pips? Notice the precise energy bands.

My method maps the "Pulse" of an asset.
The bands always cause price reactions.
What happens at each one can be telling.

Per this smaller TF fib plot below, it is primed for a drop:

Комментарий:

Ping

Just kissed the end of the cliff and retracting a bit

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Комментарий:

Rut Roh!

Just walked off the cliff

hopefully a retest and then plunge ....

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Комментарий:

Retested.

Sprang back up to the fib for retest and will hopefully pull away now

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Комментарий:

Wow, what a whipsaw.

So we had a fake break below, then a spike blasting upwards (based on election developments)

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Zoom IN (3 min) and a possible fib of this move

This implies that some traders expected (or knew?) the election outcome and started buying will before the spike upon public announcement.

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Zoom OUT (1 hr) with the new Fib in place, we have two possible target zones and a new support

Thus tow possible path ways for next advance (if there is to be one).
Break below 1.335/36 would mean higher targets my not be achievable.
Bullish sign would be a clean bounce off the 3.326 around $1.34xx.

== Summary ==
Spiked for about 430 pips to the upside, and still looks able to reach the upside target.
Small retrace can be expected, perhaps to 1.335/36 and possible bounce to target.

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