I have changed my short term count slightly, instead of a series of waves one's and two's I think the above count, showing a expanded leading diagonal as minor red wave i is more appropriate. we have likely just ended minor red wave ii at 0.8256 and I will be looking for acceleration higher in red wave iii towards 0.8365 soon.
Ideally we will see wave i of 3 break slightly above the top of wave 1 at 0.8400 before wave ii of 3 kicks in, but for now we should stay focused towards the upside for a rally towards 0.8365.
It seems we are still going lower.
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