DAILY Chart: EURUSD: Overall Wave Count

Ok, now we are getting down to the nitty-gritty lower TF's where most of us live! There's A LOT going on here so let's get to it, shall we?

WAVE COUNT
I've been preaching this same wave count you see here since 3 months ago. This wave (IV) correction is unfolding in an ABC Zigzag pattern. What I see is that wave (b) of the ABC was completed last month and wave (c) got off to an explosive start gaining over 300+ pips in a week! in what I am labeling as a wave (1) of (5) of the wave (c) of (IV). Right now, after the explosive wave (1), there is a consolidation/correction going on in a wave (2) retracing some or maybe most of wave (1). But there is also a chance that this wave (2) will only be a sideways correction but more than likely, it will retrace down to the G-Zone levels between .618 and .886 before shooting up in a wave (3)

PATTERNS
There are 2 COMPLETED patterns here that have both already hit their respective standard TP1's. And if prices do go up as I expect, then their respective standard TP2's should also be reached. At this time, as prices decline back down in a wave (2), the C point of the POSSIBLE Bat is being established. When that happens, this POSSIBLE Bat will become a POTENTIAL Bat. Then the wave (3) up should ensue and follow the CD leg of the bat up and the completion of which should mark the end of the wave (3).