Should be at completion point of wave 4. Support was given at end of last session to the 144 EMA plus the price is at/near the .382 of the larger move(wave 1 through 3) and the .5 of wave 3.
Im expecting an open higher then the gap to be closed and then the long move will begin.
If this pair continues south(short) and breaks the wave 1 high, i will recalculate the counting or look at a possible larger triangle to be forming.
Im expecting an open higher then the gap to be closed and then the long move will begin.
If this pair continues south(short) and breaks the wave 1 high, i will recalculate the counting or look at a possible larger triangle to be forming.