We are looking at a 5 waves progression and we are currently on the 4th wave which just completed a mini-wave a.
I can't really say for sure, but judging from the correction of wave ii which was about 78.6% of wave I, I would say wave iv has already reached its low (1.17056), which is at 61.8% of wave i - iii.
We should be expecting a complex wave iv correction, so the price should be bouncing within 1.23513 and 1.17056 for a long time.
Currently, I believe the mini-wave b of wave iv is unfolding, so we should be seeing the price push higher to 1.20304, and 1.21071 in the next couple of days to weeks.
Please feel free to comment or like if you agree
I can't really say for sure, but judging from the correction of wave ii which was about 78.6% of wave I, I would say wave iv has already reached its low (1.17056), which is at 61.8% of wave i - iii.
We should be expecting a complex wave iv correction, so the price should be bouncing within 1.23513 and 1.17056 for a long time.
Currently, I believe the mini-wave b of wave iv is unfolding, so we should be seeing the price push higher to 1.20304, and 1.21071 in the next couple of days to weeks.
Please feel free to comment or like if you agree
Trade closed: target reached
Trade closed manually