On a micro count basis, minor wave i (red - not shown on the chart above) ended at 141.49 yesterday and red wave iii of v might have ended at 142.20. If this is the case, we have just ended minor red wave iv of v at 141.50 and should seen a rally higher breaking above 142.49 and likely also 142.89, before wave v is fianlly done. A break below 141.49 will leave us with two alternate counts. The most likely is, that we are in a serie of wave one's and two's and the second alternative is that we are in and ending diagonal, but this is the case we have only just finished wave a at 142.20 and is in the middle of wave b.On a short term basis, ideally support at 141.49 will hold for a break above 141.93, which will confirm that red wave v of v higher is under way.
No comments:
Post a Comment