We are currently in the later part af minor wave ii, which began at 126.58 yesterday. The ideal target of this minor wave ii will be near 127.72 from where minor wave iii down should begin. There is a possibility that this minor wave ii turns into a expanded flat correction, which would mean that the minor c-leg in minor wave ii will rally higher towards 128.35 before minor wave ii ends, but for that to be the case we should see a clear break above 127.80.Minor wave iii down should ideally fall to 123.51.
Why your Wave iii of C is the shortest?
ReplyDeleteHi Trader886
ReplyDeleteSorry my mistake. The top of wave i is not at 127.22, but at 126,62. Wave ii is a expande flat correction. I just didn't place wave i right. When you do that wave i and iii is equal in length.