Just a follow-up on my post from yesterday.
As can be seen the top wasn't set at 90.04, but we needed one more squiggle higer to 90.30 to end sub-wave ii.
I would like to see support at 89.33 broken, but if my count is correct it should only be a question of time.
Not that it makes any difference, but RAB (the Australian central bank) raised its rates o/n by 25 basispoints to 4%, which was when we saw the spike to 90.30. Centralbanks doesn't lead the market action it always reacts to the market action!
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