We have now entered the target area between 0.9287 - 0.9402, with the ideal target coming in at 0.9355, where wave c, of the expanded flat correction, will be 261.8% times wave a.
Looking at the structure of wave c we can count a nice five wave rally, which would be the expected pattern for wave c. A top should be expected soon for renewed downside pressure, but a break below 0.9201 is needed to confirm that wave c and 2 is in place for a move below 0.8656 towards at least 0.8405 and likely even lower towards 0.7825.
No comments:
Post a Comment