Well, it could be that correction is over....good think is that this move from 7,2 looks impulsive so now we should correct to 9,25-8,5 usd (38,2-61,8 fibo) after which we should have at least 1 more raise up in 5 waves. The problem is that last time at beginning of this month we had 5 waves up from 9,25 low to 13,3 high, corrected to 11 usd and after it came one more rise up in 5 waves but only to 13 usd after which this last drop to 7,2 low started.
If 7,2 was bottom which could fit in one more larger degree count with 7,2 being low of wave 4 we should clear that 11-11,5 upper channel line and stay above 21 day EMA which was good support in this rally from 1,5-2 usd to 20.
If 7,2 was bottom which could fit in one more larger degree count with 7,2 being low of wave 4 we should clear that 11-11,5 upper channel line and stay above 21 day EMA which was good support in this rally from 1,5-2 usd to 20.
