Not sure whether this a five or three wave pattern but as the correction has already touched 61.8%. It is possible it could fully retrace to 100% given the nature of the reversal which would mean a 5 Wave and so the yellow circular buy areas come into play. Whichever way it goes 0.05 is still the bullish target!
Komen
Petros
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HI. Have you got any facts to support that WAVE 1 is really WAVE 1? I have some doubts, and wanted to ask about it. Target 0.05 totally possible, though.
zippy1day
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Irrelevant now as this whole wave thing busted now so looking for new lows to buy now!