The c wave rally continued to just above the target where wave c = 300% * wave a. We also saw a small overshooting of the channel resistance line, all indications that the c wave rally is over. This also Means that wave 2 is in place just above the 61.8% corrective target of wave 1 and that wave 3 lower towards 0.7947.
Short term I would like to see a break below 0.9308 and more importantly a break below 0.9201 as confirmation that wave 2 is over.
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