GBPUSD Really big trend

Hello!

Yesterday I thought that we are going into correction, but it was so small that the price continued its descending trend for another 400 points! Not bad, huh?
Anyway, we analize the market every morning not to define the one and the only possible movement vector, but to define definite (sorry for tautology) signs of the movement. That's why I use flat levels before each session - it is the 1st sign to plan my trades.
Yesterday GBP didn't manage to brakeout flat (there was only false breakout - price didn't manage to fix above) and then id went down. I reconsidered my opinion after GBP bounced from the lower flat level and then had broken it and then fixed under it. It was the real breakdown. I have sold GBP around 2.0760.

Now to the current situation.
Take a look at the picture:



Fianlly, 3rd wave is finished. Now we have a correction. Watch out 2 levels: 2.0760 and 2.0800 - they are pivot points (minor and major TF). Also 800 is the ending of the 1st wave and the 4th mustn't cross it.
We have few possible variants of this correction. The first one is possible if the whole descending movement is an 5 wave impulse. Then right now it making its 4th wave. Then it will be flat-like (most likely (forgive me for the 2nd tautology :) )).
The 2nd variant - this bearish movement is wave A of the flat correction to the ascending movement (see D1). Then right now we are in wave B and it can easily reach 76% of wave A.

Watch the main resistance levels and 233 MA: if we will have the 1st variant, then GBP will hardly break it out.

It is all for now.

While I was writing this post, DJ have published its levels.
So here they are.



You can compare them with mine: there is a little difference.
Also you can see that their Pivot Point is my flat actually. Right in the middle.

Good luck!
Anthony Schneider.