Red wave iv of C ended at 1.6434 almost perfectly at the 50% corrective target of red wave iii.
I will now be looking for a break below 1.6383 to confirm that red wave v lower towards at least 1.6173 and ideally we will see it lower towards 1.5854, maybe in a more complex correction, but time will show.
In the larger picture I'm looking for wave E of the major B-wave triangle and once this E wave is in place we should a major rally higher.
No comments:
Post a Comment