We clearly had five waves up ( 5 minor waves = 1 major wave up), then we saw an ABC type of correction (major wave 2 = correction). Next seemed like we are about to begin the start of the major wave 3, however, that's failed.
In order to attempt to form a major wave, we have to see another ABC correction. The whole structure would make a WXY pattern.
In regards to landing prices;
- First Scenario:
Target1 = 0.612 - 0.622 $
It is possible that we retrace to the popular 0.618 Fibonacci level and the Golden zone.
Target2 = 0.55 - 0.58 $