If the minor rally from 79.67 is wave (i) of iii, then wave (i) will have to be an Expanding Leading Diagonal, because of the overlaping structure. Red wave (iii) is 1.618 time red wave (i) and we should soon see red wave (v) take off towards at least 81.50 and maybe even the 82.30 area, before a deeper correction sets in.In the bigger picture only a break below 79.67 will call for a recount.
No comments:
Post a Comment